noun
a pricing strategy where prices are adjusted in real-time based on various factors such as demand, competition, and other market conditions
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Many companies use dynamic pricing strategies to adjust prices based on market demand and other factors.
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Online stores often change their prices using dynamic pricing to attract more customers.
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Some companies play around with their prices using dynamic pricing to see what works best.
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Dynamic pricing is like a chameleon, constantly adapting to its surroundings to survive in the market.