Final answer:
Variable pricing and dynamic pricing are not the same pricing method.
Step-by-step explanation:
False. Variable pricing and dynamic pricing are not the same pricing method.
Variable pricing refers to a pricing strategy where prices are set based on factors such as time, demand, or customer segmentation. For example, airlines often use variable pricing, where ticket prices fluctuate based on factors like the day of the week, time of day, and the number of seats available.
Dynamic pricing, on the other hand, is a pricing strategy that involves adjusting prices in real-time based on market conditions, such as supply and demand. Online retailers often use dynamic pricing to change their prices based on factors like competitor prices, customer interest, and inventory levels.