One Way of Avoiding Turning Customers Away or Having Them

question 41

True/False

One way of avoiding turning customers away or having them wait is to use, dynamic pricing and reservations.

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Definitions:

Marketing Mix

A set of actions, or tactics, that a company uses to promote its brand or product in the market. It typically includes the 'Four Ps': product, price, place, and promotion.

Customer Needs

The essential requirements and desires of buyers that motivate them to make purchasing decisions.

Actual Price

The final price at which a product or service is sold, after including discounts, promotions, and additional charges or fees.

Energy

The capacity to do work, existing in various forms such as kinetic, potential, thermal, electrical, chemical, and nuclear energy.