Asked by
Daniel Romero
on Nov 22, 2024Verified
Dynamic pricing is a pricing strategy that involves pricing a product higher than competitors to signal that it is of higher quality.
Dynamic Pricing
A pricing tactic that involves constantly updating prices to reflect changes in supply, demand, or market conditions.
- Analyze various pricing tactics and their impact on consumer perception and demand.
Verified Answer
WG
Learning Objectives
- Analyze various pricing tactics and their impact on consumer perception and demand.