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For the Minnesota Twins baseball team, the games they play in April and early May are not as well attended as the games they play in the summer, simply because the weather can be rainy and cold. For these games, the organization might price the tickets lower than games played in the summer. This is an example of ______.

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Martebi

There are several types of pricing techniques employed in business Transactions. This is an example of dynamic pricing.

  • Dynamic pricing is simply defined as basing the prices of goods or services for a particular customer preferences.

Dynamic pricing is a known to be a partial technology-based pricing system. It is through it  that prices are altered to different customers, based on their willingness to pay.

Some examples of dynamic pricing are Airlines, Hotels

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