Which pricing technique often results in price of the seat being higher the closer you get to the field?

Question

Business

Cujo

2 March, 08:00

Which pricing technique often results in price of the seat being higher the closer you get to the field?

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Answers (1)

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Krystal Olsen · Answer 1

Dynamic pricing

Explanation:

Dynamic pricing or demand pricing is a strategy to put different prices on a product based on demand. The same product might have a different level of demand based on many types of variables. Tourism will have a surge in demand during the vacation season. In this case, the ticket for a seat that closer to the field has more demand compared to seat far away from the field since you can watch it better.