A pricing model that relies on trends of the customers demand?*Competitive pricingDemand based pricingPricing strategyCost based pricing
Question
A pricing model that relies on trends of the customers demand?*Competitive pricingDemand based pricingPricing strategyCost based pricing
Solution
The pricing model that relies on trends of the customer's demand is Demand based pricing. This strategy involves setting prices based on the customer's perceived value of a product or service. This means that a company determines the price of its products or services based on the demand of the customers. If the demand is high, the price will be high and if the demand is low, the price will be low. This strategy is often used when a company has a unique product or service that is not easily replicated by competitors.
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