Market demand significantly influences flexible pricing. When demand is high, prices can be raised to maximize profit. Conversely, when demand is low, prices can be lowered to attract more customers and stimulate demand. This strategy allows businesses to respond to market fluctuations and optimize their pricing strategy.
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Ad-Supported – Charge companies to place advertisements on your product. Flexible Pricing – Pricing changes based on market demand. Membership – Offer additional benefits in exchange for a membership fee. Metered Use – Users pay by the quantity of use instead of a flat fee. Switchboard – Create a new marketplace by connecting multiple sellers to multiple buyers.