The Managers at Click-To-Door,an E-Commerce Website,closely Monitor Its Rival Online

question 8

Multiple Choice

The managers at Click-to-Door,an e-commerce website,closely monitor its rival online retailers to analyze how consumers respond to changes in the prices of certain products.They use the results of this analysis to constantly change the prices on their website to maximize sales and profits.In this case,which of the following pricing strategies does Click-to-Door follow?

• A) Comparative pricing
• B) Dynamic pricing
• C) Capacitive pricing
• D) Dependent pricing

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Definitions:

Capital

Financial assets or the monetary value of physical assets such as buildings or machinery used by a business to produce goods or services.

Marginal Product

The additional output produced as a result of adding one more unit of a specific input, keeping all other inputs constant.

Additional Output

The extra quantity of output produced as a result of increasing the level of input by one unit.

Unit of Labor

A measurement of work or effort by an employee or worker.