At Priceline's Web Site, Visitors Can Specify the Desired Price

question 6

Multiple Choice

At Priceline's Web site, visitors can specify the desired price they're willing to pay for a hotel in Chicago. Priceline then electronically forwards the price to hotels until one accepts the offer. What pricing policy is Priceline using?

• A) Introductory price
• B) Bundle price
• C) Cash discount price
• D) Quantity discount price
• E) Flexible price

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Definitions:

Emergency Aid

Immediate assistance or treatment given to someone injured or ill to prevent further harm or death.

Short-Term Actions

Initiatives or tasks that are planned to be completed in a relatively brief period, usually aimed at addressing immediate needs or goals.

Long-Term Solutions

Strategies or answers to problems that are designed to be effective over an extended period, rather than quick fixes.

Task

A piece of work to be done or undertaken, often with a specific objective in mind.