Dynamic Pricing Means That Prices Are Continually Adjusted, Based on Demand

question 91

Multiple Choice

Dynamic pricing means that prices are continually adjusted, based on demand and _______ demand.

• A)potential
• B)primary
• C)express
• D)secondary

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Definitions:

General Adaptation Syndrome

A model describing the body's short-term and long-term reactions to stress, consisting of three stages: alarm, resistance, and exhaustion.

Resistance Stage

The second stage of the GAS, characterized by prolonged sympathetic activity in an effort to restore lost energy and repair damage. Also called the adaptation stage.

Endocrine Activity

The various functions of the glands in the endocrine system that secrete hormones directly into the bloodstream.

Internal Locus

A psychological concept where an individual believes they can control their life and outcomes.