Question

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

Answer 1

Demand based pricing

Step-by-step 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.

Answer 2

Answer: Demand based pricing

Step-by-step 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.