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Dynamic Pricing
A pricing strategy where prices are adjusted in real-time based on demand, supply, and other external factors.
Supply and Demand
An economic model describing the relationship between the availability of a product (supply) and the desire for that product (demand) which determines its price on the market.
Real Time
The processing of data and execution of actions almost instantaneously, with minimal delay.
Viral Marketing
A marketing strategy that focuses on spreading information and opinions about a product or service from person to person, especially by using unconventional means such as the Internet or email, to influence.
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