Setting Different Prices for Products and Services in Real Time

question 105

Multiple Choice

Setting different prices for products and services in real time in response to supply and demand conditions is referred to as

• A) price lining.
• B) a dynamic pricing policy.
• C) customary pricing.
• D) price fixing.
• E) discretionary pricing.

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Definitions:

Sales Team

A group of individuals working together with the aim to sell products or services, targeting achieving sales goals.

Person-Focused

Emphasizing the importance of individual traits, skills, and interests in various contexts, such as work or therapy.

Task-Focused

Concentrating on the completion of assignments or tasks rather than on broader outcomes or relationships.

Relationship-Focused

Emphasizes the importance of building and maintaining positive relationships in various contexts, including professional settings.