KIDS QUIZ
SPORTS TEAMS AND PLAYERS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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It prevents extra fees
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It reduces the number of unsold tickets
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It reduces overhead
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All of the above
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Detailed explanation-1: -1. A dynamic pricing system can improve pricing decisions because it resets price targets in real-time at a customer/product level, based on actual facts. 2. Dynamic pricing allows companies to better understand and predict when to increase or decrease prices.
Detailed explanation-2: -Dynamic Pricing lets you adjust Prices quickly Increased flexibility: Dynamic pricing allows businesses to adjust prices quickly in response to changes in demand. This can help businesses to avoid lost sales due to high prices or missed opportunities due to low prices.
Detailed explanation-3: -The goal of dynamic pricing is to allow a company that sells goods or services over the Internet to adjust prices on the fly in response to market demands. Changes are controlled by pricing bots, which are software agents that gather data and use algorithms to adjust pricing according to business rules.