The question(s) for this discussion are as follows: Dynamic pricing adjusts prices in real-time based on various factors such as demand, competition, and customer behavior. How does AI enable dynamic pricing in today's market? Provide examples of industries or companies that effectively use AI-driven dynamic pricing. What are the advantages and disadvantages of dynamic pricing for both businesses and consumers?

Marketing
20th Edition
ISBN:9780357033791
Author:Pride, William M
Publisher:Pride, William M
Chapter19: Pricing Concepts
Section: Chapter Questions
Problem 1DYMP
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The question(s) for this discussion are as follows: Dynamic pricing adjusts prices in real-time based on various factors such as demand, competition, and customer behavior. How does AI enable dynamic pricing in today's market? Provide examples of industries or companies that effectively use AI-driven dynamic pricing. What are the advantages and disadvantages of dynamic pricing for both businesses and consumers?
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ISBN:
9780357033791
Author:
Pride, William M
Publisher:
South Western Educational Publishing