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At Priceline's Website, Visitors Can Specify the Desired Price They're

question 258

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At Priceline's website, 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?


Definitions:

Case Manager

A case manager is a professional who coordinates care and resources for individuals with long-term health issues, ensuring they receive necessary services.

Formal Support Systems

Structured sources of assistance such as services provided by government agencies, NGOs, or social services organizations.

Assessment

The process of evaluating or analyzing information to make judgments, diagnose issues, or inform decisions.

Acceptability

The degree to which a concept, process, or proposal is agreeable or satisfactory to a group of people.

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