Dynamic Pricing Is Used To

question 50

Multiple Choice

Dynamic pricing is used to:

• A)​implement bait pricing to get more loyal customers.
• B)perform price discrimination among customers.
• C)adjust prices over time to maximize a company's revenues.
• D)​attain price equilibrium.

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Definitions:

Race

A social construct used to categorize humans into large and distinct populations or groups by ancestral heritage and physical characteristics.

African Americans

A racial or ethnic group in the United States with ancestry from any of the black populations of Africa.

William Julius Wilson

William Julius Wilson is an American sociologist known for his work on race, class, and poverty in the United States, particularly his theories on the urban underclass and the impact of structural economic changes on American society.

Ethnic Enclave

A geographic area with a high concentration of individuals from the same ethnic or cultural background, often characterized by distinct languages, traditions, and businesses.