Answered

Get the answers you need at Westonci.ca, where our expert community is dedicated to providing you with accurate information. Discover precise answers to your questions from a wide range of experts on our user-friendly Q&A platform. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently.

Lyft raises ride-sharing fares when more people need rides and vice versa. This is referred to as _______. a. pricing based on perceived satisfaction b. status quo pricing c. satisfactory pricing d. surge pricing

Sagot :

rahulsharma789888

Lyft raises ride-sharing fares when more people need rides and vice versa. This is referred to as Surge pricing. Hence option D is correct.

What does pricing stand for?

Pricing is the process of determining the value that a manufacturer will receive in exchange for their goods and services. The producer uses a pricing strategy to make the cost of its products suitable for both the manufacturer and the consumer.

When a business increases the price of a good or service when demand is high and lowers prices when demand is low, this practice is known as "surge pricing."

Hence option d is correct.

Learn more about Surge pricing:

https://brainly.com/question/14237787

#SPJ1

Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. Get the answers you need at Westonci.ca. Stay informed by returning for our latest expert advice.