Examlex
A genetic algorithm is an artificial intelligence system that mimics the evolutionary,survival-of-the-fittest process to generate increasingly better solutions to a problem.
Cost-plus-fixed-fee Pricing
A pricing strategy where the selling price is determined by adding a fixed fee or profit margin to the total cost of manufacturing or producing the product.
Yield Management Pricing
A pricing strategy that involves adjusting prices based on changing demand and supply conditions, often used in industries like airlines and hotels to maximize revenue.
Cost-plus-percentage-of-cost Pricing
A pricing strategy where the selling price is determined by adding a specific percentage of markup to the product's cost.
Target Return On Investment Pricing
Pricing strategy where the price is set based on the desired return on investment.
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