Pronunciation: /daɪˈnæmɪk ˈpraɪsɪŋ/
noun a pricing strategy where prices are adjusted in real-time based on various factors such as demand, competition, and other market conditions
A1 Dynamic pricing is when prices change based on demand.
A2 Shops often use dynamic pricing to adjust prices during sales events.
B1 Online retailers frequently employ dynamic pricing strategies to maximize profits.
B2 Dynamic pricing algorithms analyze market trends to set optimal prices.
C1 Sophisticated companies invest in advanced software for dynamic pricing optimization.
C2 The success of dynamic pricing depends on accurate data analysis and forecasting models.
formal Many companies use dynamic pricing strategies to adjust prices based on market demand and other factors.
informal Online stores often change their prices using dynamic pricing to attract more customers.
slang Some companies play around with their prices using dynamic pricing to see what works best.
figurative Dynamic pricing is like a chameleon, constantly adapting to its surroundings to survive in the market.
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