A Pricing Strategy That Involves Constantly Updating Prices to Reflect

question 79

Multiple Choice

A pricing strategy that involves constantly updating prices to reflect changes in supply, demand, or market conditions is called

• A)flexible pricing.
• B)dynamic pricing.
• C)demand pricing.
• D)market pricing.
• E)penetration pricing.

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Definitions:

Nonprofit Job Agency

An organization that operates without seeking profit to assist individuals in finding employment, often focusing on those facing barriers to employment.

Taxpayers

Individuals or entities that are required to make payments to a governmental authority based on earned income, property values, or other taxable assets.

Occupational Prestige

The perceived social status or esteem associated with a job or profession.

University Education

Tertiary education provided by universities, involving undergraduate and postgraduate studies for acquiring advanced knowledge and skills.