Pricing Strategies: Additional Considerations Business Essay

Pricing Strategy: Dynamic Pricing
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[date] In the business industry, business entities are up against each other when it comes to customer satisfaction. These businesses use their operation management strategies to meet the customer's demands without compromising the company itself. One of the areas in business they strategize is the pricing of products. Pricing strategy considers the business' accountability and liability status, expenses, and the demand in the market, among many other factors in putting a price for their products (Dasgupta & Titman, 1998).
One of the pricing strategies is dynamic pricing. This is also recognized as discrimination pricing as it discriminates pricing with people's ability to pay and level of demand. Dynamic pricing sells the same product to different market groups, with an extra level of ...