Event Dime

What responsibilities do businesses have when setting prices?

When:

October 18, 2023 · 5:01 PM

Where:

Leadership at Viterbo University in La

Source:

Shows

Episode 112: If you’re not already familiar with the term surge pricing, it’s likely you’ll hear a lot more about it soon. Simply put, it’s when businesses identify times when there is a high demand for their products or services — whether an Uber ride or a pint of beer — and raise prices. Anyone who has taken am introductory economics course learns that when supply of something is low and the demand is high, prices will go up. What’s new is that technology lets those changes happen quickly and