Multiple Choice
Which of the following statements best defines dynamic pricing?
A) It is the practice of marking up prices by 100 percent,or doubling the cost.
B) It is a basic,long-term pricing framework that establishes the initial price for a product.
C) It is the ability to change prices very quickly.
D) It is the practice of charging a very low price for a product with the intent of driving competitors out of business.
Correct Answer:
Verified
Correct Answer:
Verified
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