During the hot, humid months of July and August, Pinewood Links Golf Course, located in Georgia, offers weekday rates of $13 for a round of golf with a cart. During the rest of the year, the weekday rates are between $25 and $35. This is an example of the use of

Question

Athena Hill

Business

8 February, 15:20

During the hot, humid months of July and August, Pinewood Links Golf Course, located in Georgia, offers weekday rates of $13 for a round of golf with a cart. During the rest of the year, the weekday rates are between $25 and $35. This is an example of the use of

+3

Answers (2)

Know the Answer?

Ellis Ryan · Answer 1

Answer: Demand based pricing

Explanation:

Demand Based Pricing is a pricing method that is based on the demand of a customer and the perceived value of a product. In demand based pricing method, the customer's responsiveness to buy the product at different prices is being compared after which an acceptable price is set.

Methods of demand-based pricing can include price skimming i. e setting a price high and then lowering it over time or price discrimination.

Nigel Duffy · Answer 2

Demand based pricing

Explanation:

Demand based pricing is a pricing model where customers rate of demands based on perceived value are used as major factor in price setting. this consequently leads to the adoption of price skimming, bundle pricing, price discrimination and penetrating pricing practices.

In the hot season when the demand are low, the price is reduced to attract customers but in the remaining season when demands seem to be high, the prices are increased to take an advantage of the rush.