Question
__ involves constantly updating prices to reflect changes in supply, demand, or market conditions. Multiple Choice Unbundling Break-even analysis Price fixing Dynamic pricing Price bundling
Solution
4.6
(253 Votos)
Natali
Elite · Tutor por 8 anos
Resposta
The correct answer is 'Dynamic pricing'.
Explicação
## Step 1The problem is asking us to identify the term that describes the practice of constantly updating prices to reflect changes in supply, demand, or market conditions. ## Step 2Let's analyze each option:- Unbundling: This is a practice where a company sells a product or service that was previously sold as a package separately. This does not involve updating prices based on market conditions.- Break-even analysis: This is a method used to determine the point at which total costs equal total revenue. This is not related to updating prices based on market conditions.- Price fixing: This is a practice where companies agree to sell at the same price. This does updating prices based on market conditions.- Dynamic pricing: This is a strategy where prices are adjusted in real-time based on market demands and supply. This matches the description given in the problem.- Price bundling: This is a practice where multiple products or services are sold as a package. This does not involve updating prices based on market conditions.