A Pricing Strategy That Involves Constantly Updating Prices to Reflect

question 5

Multiple Choice

A pricing strategy that involves constantly updating prices to reflect changes in supply,demand,or market conditions is called

• A)dynamic pricing.
• B)market pricing.
• C)penetration pricing.
• D)demand pricing.
• E)flexible pricing.

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Definitions:

Non-Material Culture

The ideas, beliefs, values, norms, and practices that are shared among a group of people and influence their behavior but are not physical objects.

Norms

Culturally defined rules that outline appropriate behaviours.

Folkways

Informal norms that suggest customary ways of behaving.

Identifier Of Culture

Elements or symbols that are recognized as representing particular cultures, such as language, art, or rituals.