Setting Different Prices for Products and Services in Real Time

question 105

Multiple Choice

Setting different prices for products and services in real time in response to supply and demand conditions is referred to as

• A) price lining.
• B) a dynamic pricing policy.
• C) customary pricing.
• D) price fixing.
• E) discretionary pricing.

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Definitions:

Dependent Personality

A personality disorder marked by pervasive psychological dependence on others to meet emotional and physical needs.

Detachment Category

A classification in psychology used to describe a level of emotional disconnection from a person or situation.

DSM-5

The Diagnostic and Statistical Manual of Mental Disorders, Fifth Edition, a comprehensive classification of mental disorders published by the American Psychiatric Association.

Anxiousness

An emotion of concern, apprehension, or discomfort regarding an event whose result is not yet known.