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Definitions
Provide clear, concise answers for the following:
-What is the average cost inventory cost flow method?
Dynamic Pricing
A pricing strategy where the price of a product or service is flexible, changing in response to market demand, competitor prices, or other external factors.
Economy-Class Seats
The most basic and least expensive seating category available on commercial airlines, designed for budget-conscious travelers.
Dynamic Pricing
A pricing strategy where prices are adjusted in real time based on demand, competition, and other external factors.
Supply
The total amount of a product or service available for purchase in the market.
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