Match Each Definition with the Correct Term Below

question 112

Multiple Choice

Match each definition with the correct term below.
-Regurgitation

• A)Drooping
• B)Backflow
• C)Breathing in an upright position
• D)Narrowing

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Definitions:

Dynamic Pricing

A pricing strategy where prices are adjusted in real time based on market demand, supply conditions, and other factors.

Prices Based

Refers to a pricing strategy determined by factors such as cost of production, competition, and perceived value by the consumer, often adjusted to market conditions.

Odd Pricing

A pricing strategy where items are priced slightly below a round number (e.g., $199.99 instead of $200), believing it psychologically encourages more sales.

Yield Management

A strategy for maximizing revenue even when a firm has a fixed amount of something (goods, services, or capacity).