dynamic pricing

Definition

The process of determining a product's value in commercial transactions in a fluid manner depending on current market conditions. Dynamic pricing is gaining ground among business owners compared to the more traditional fixed pricing method. Also called real time pricing.

Use dynamic pricing in a sentence

  • You need to figure out a way to use dynamic pricing to your advantage to try to increase your overall profits.

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  • Our dynamic pricing strategy would give us a good outlook on the value of the item and that would help us out.

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  • You need to try and figure out the best way to use the dynamic pricing to your advantage to get the most from it.

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