Why are more and more companies turning to dynamic pricing?
a. To help adjust prices
b. To implement bait pricing
c. To implement free on board origin pricing
d. To establish inelasticity of demand
ANSWER: a
More and more companies are turning to dynamic pricing to help adjust prices. Dynamic pricing is a strategy whereby prices are adjusted over time to maximize a company's revenues.
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The ability to speak foreign languages is one difference between managers born and raised in the United States and those born and raised elsewhere. Which of the following is true and reflects this statement?
A) There are 200 million Chinese children studying English. B) There are 24 million American children studying Chinese. C) There are 200 million Indian children studying Chinese. D) Chinese managers study English as much as Chinese. E) There are equal numbers of American and Chinese children studying English.
Which of the following could undermine competitive advantage?
A) basing employee benefits awards based on performance B) offering flexible benefits plans C) offering employee benefits as an entitlement D) offering employee benefits following the completion of a lengthy probationary period