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A company hosts its multi-tier public web application in the AWS Cloud. The web application runs on Amazon EC2 instances and its database runs on Amazon RDS. The company is anticipating a large increase in sales during an upcoming holiday weekend. A solutions architect needs to build a solution to analyze the performance of the web application with a granularity of no more than 2 minutes. What should the solutions architect do to meet this requirement?
Price Fixing
An illegal practice where businesses agree on the prices of their products or services, instead of letting market forces determine them.
Odd Pricing
A pricing strategy that sets prices at figures ending in odd numbers, like $4.99, under the belief that they seem lower to consumers.
Seven-Step Sales Process
A sequence of steps salespeople follow to sell a product, typically including preparation, approach, presentation, handling objections, closing, and follow-up.
Penetration Pricing
A pricing strategy that involves setting lower than normal prices for a new product or service to attract customers away from competitors.
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