Definition of Dynamic pricing:
The process of determining a products value in commercial transactions in a fluid manner depending on current market conditions. Dynamic pricing is gaining ground among business owners compared to the more traditional fixed pricing method. Also called real time pricing.
The practice of varying the price for a product or service to reflect changing market conditions, in particular the charging of a higher price at a time of greater demand.
How to use Dynamic pricing in a sentence?
- They do customer segment dynamic pricing to increase customer loyalty.
- Our dynamic pricing strategy would give us a good outlook on the value of the item and that would help us out.
- You need to figure out a way to use dynamic pricing to your advantage to try to increase your overall profits.
- You need to try and figure out the best way to use the dynamic pricing to your advantage to get the most from it.
Meaning of Dynamic pricing & Dynamic pricing Definition