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Questions and Answers
What is the term for a method where a firm abandons setting a fixed price and instead changes prices frequently?
What is the term for a method where a firm abandons setting a fixed price and instead changes prices frequently?
- Constant pricing
- Dynamic pricing (correct)
- Static pricing
- Flexible pricing
What is the primary characteristic of a pricing strategy that involves frequent price changes instead of a fixed price?
What is the primary characteristic of a pricing strategy that involves frequent price changes instead of a fixed price?
- Aggressiveness (correct)
- Predictability
- Stability
- Adaptability
Which pricing approach focuses on abandoning the practice of setting a fixed price and instead changing prices frequently in response to market conditions?
Which pricing approach focuses on abandoning the practice of setting a fixed price and instead changing prices frequently in response to market conditions?
- Fluctuating pricing
- Variable pricing
- Shifting pricing
- Dynamic pricing (correct)
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