Dynamic Pricing Is Typically Used for Pricing

question 93

Multiple Choice

Dynamic pricing is typically used for pricing

• A) products and services that cannot be purchased in a retail store.
• B) the very latest items such as new season fashions.
• C) time-sensitive items such as airline seats.
• D) high demand products or services that are expected to sell out quickly.
• E) electronic services such as computer repair.

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Definitions:

Tariffs

Taxes imposed by a government on imported goods.

Imported Oil

Oil that is brought into a country from another, typically used as a critical input for energy production and transportation.

Tariff

A tax imposed by a government on goods and services imported from other countries to increase their price and encourage or protect domestic industry.

Imported Oil

Oil that is bought from foreign countries to meet domestic consumption demands.