Changing the Prices of Products Based on the Level of Demand

question 15

Multiple Choice

Changing the prices of products based on the level of demand characteristics of the customer is called ________ pricing.

• A)menu
• B)dynamic
• C)flexible
• D)asymmetric
• E)customized

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Definitions:

Marketspace

A digital marketplace; an online environment where buyers and sellers meet to exchange goods, services, and information.

Legal Jurisdiction

The authority granted to a legal body to administer justice within a defined field of responsibility, geographically or subject matter-wise.

International Markets

Markets that extend beyond national borders, offering opportunities and challenges for trading and investment internationally.

Media Fragmentation

The process through which the number of media sources increases and the audience divides across them, making it harder to reach a large, unified audience.