What Is Dynamic Pricing and How Is It Used in E-Commerce

question 37

Essay

What is dynamic pricing and how is it used in e-commerce?

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Definitions:

Process Innovations

Improvements or significant changes made to an organization's workflow or production methods to increase efficiency, quality, or performance.

Creativity

The ability to generate novel and valuable ideas or solutions to problems.

Innovation Process

The series of steps involved in developing and implementing new ideas, products, or services, typically including ideation, validation, development, and commercialization.

Idea's Value

The intrinsic or perceived worth of an idea, based on its potential impact, innovation, and usefulness.