Asked by
Sophie Naezer
on Nov 20, 2024
Verified
Dynamic pricing is in place when retailers charge the same price for goods regardless of the selling season.
Dynamic Pricing
Refers to the process of charging different prices for goods or services based on the type of customer, time of the day, week, or even season, and level of demand.
Selling Season
The specific time period during which demand for a particular product or service is significantly higher, often due to seasonal factors.
- Identify the discrepancies between several pricing orientations and strategic approaches.
Verified Answer
CR
Learning Objectives
- Identify the discrepancies between several pricing orientations and strategic approaches.