Pricing Strategy Flashcards
1
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Front
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2
Q
What is dynamic pricing
A
Dynamic pricing, or time-based pricing, is a pricing strategy that prices goods, commodities or services based on time. It matches demand to supply to maximize top-line revenues for the organization.Dynamic pricingis widely used inhotels.6 Mar 2014
3
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Dynamic Pricing
A
Time based pricing: supply and demand. We need to analyse and predict consumer behaviour to optimise room availability and price to maximise revenue growth.
