ENTREPRENEURSHIP

Detailed explanation-1: -Dynamic pricing-also known as surge pricing, demand pricing, or time-based pricing-is a strategy where businesses adjust the prices of their offerings to account for changing demand. For instance, an airline will shift seat prices based on seat type, number of remaining seats, and time until the flight.

Detailed explanation-2: -Example of By Product Pricing When meat is processed for human consumption, the by product can be used as food for dog/cat. So the manufacturer can sell it in market to recover some of his expenses say transportation and storage costs. Hence, this concludes the definition of By Product Pricing along with its overview.