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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

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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

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