3 Questions
What is the term for a method where a firm abandons setting a fixed price and instead changes prices frequently?
Dynamic pricing
What is the primary characteristic of a pricing strategy that involves frequent price changes instead of a fixed price?
Aggressiveness
Which pricing approach focuses on abandoning the practice of setting a fixed price and instead changing prices frequently in response to market conditions?
Dynamic pricing
Learn about the method of taking advantage of the power to set prices where the firm abandons the practice of setting a fixed price and instead changes prices frequently.
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