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Identify an Advantage and a Disadvantage of Using Dynamic Pricing

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Essay

Identify an advantage and a disadvantage of using dynamic pricing.


Definitions:

Perceptual Benefits

Advantages perceived by consumers, affecting their purchase decisions based on personal feelings or beliefs.

Legal Requirements

Legal requirements are the laws and regulations that individuals or entities must comply with in their personal, professional, or business activities.

Customer Value

The comparative worth that a customer assigns to a product or service over potential substitutes.

Candy Dispensers

Devices or machines designed to release candy, often operated by coins or digitally, found in various public spaces or retail environments.

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