Dynamic Pricing Is Feasible in the Electronic Marketplace Because the Flow

question 87

True/False

Dynamic pricing is feasible in the electronic marketplace because the flow of information on the internet notifies millions of buyers of instantaneous changes in product availability.

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Definitions:

Prevalent

Widespread in a particular area at a certain time; commonly occurring.

Symptoms

Physical or mental features that are regarded as indicating a condition or disease.

Long-Term

Relating to or happening over an extended period, potentially involving prolonged influences or effects on a particular domain such as memory, planning, or investment.

Psychological Effects

Concerns the impacts or changes in behavior, thought, or emotions stemming from a particular event or situation.