What is the purpose of dynamic pricing?Select one:a.To adjust prices in real-time based on market conditions and customer behaviorb.To set prices based on customers' perceived value of the productc.To offer different prices to different market segmentsd.To set prices based on competitors' pricesClear my choice

Explain one reason why airlines use dynamic pricing, especially when selling tickets to online customers.

With _____ pricing, a variable rate is used for each customer, often based on a product’s or a service’s demand.DynamicA la carteValue-basedMarket-based

Which pricing strategy involves setting prices based on the perceived value of the product or service to the customer?Select one:a.Value-based pricingb.Cost-plus pricingc.Competitive pricingd.Price bundlingClear my choice

Fill in the Blank QuestionFill in the blank question. pricing involves setting a high price so that quality- or status-conscious consumers will be attracted to the product and buy it.

hich of the following statements concerned with pricing is not true? A. Where an entity is selling a unique product, it will set the price at the maximum amount bearable by the market. B. Some entities may use an average cost that includes both fixed and variable costs for cost-based pricing. C. Cost-based prices are difficult to calculate. D. Market-based pricing is based on competition in the market place.