Explore randomized pricing and provide an example of how it is used. What are some constraints that may limit the ability of firms to use these techniques?© BrainMass Inc. brainmass.com October 10, 2019, 7:35 am ad1c9bdddf
Randomized pricing is a pricing technique in which an organization actually varies its price on one or more goods at a high rate of frequency, such as on an hourly basis in extreme cases. An example of how this technique would be utilized, would be an organization that produces dishwashing liquid, that is in fierce ...
The expert explores randomized pricing and provides an example of how it is used. The constraints that may limit the ability of firms to use these techniques are given.