Define Dynamic Pricing

question 14

Essay

Define dynamic pricing. What are the advantages and disadvantages of using dynamic pricing?

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Definitions:

Administrative Agencies

Governmental bodies responsible for the oversight and administration of specific functions and regulations.

Created by Statute

Formed or brought into existence by a formal law or statute.

Statute

A written law passed by a legislative body at either the federal or state level.

State Legislature

is the legislative body within a state that has the authority to make, amend, and repeal laws within that state.