Examlex
What are some influences on the lifetime or relationship value of a customer?
Traditional Hardware
Conventional physical devices and tools, as opposed to software or digital platforms.
Dynamic Pricing Policy
A pricing strategy where prices are adjusted in real-time based on demand, market conditions, and customer behavior.
Flexible-price Policy
A pricing strategy where the selling price of a product or service can fluctuate based on market conditions, competition, and consumer demand.
Target Pricing
Target pricing is a pricing strategy where the selling price is determined by estimating a competitive price in the market and working backward to calculate costs, aiming for a certain profit margin.
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