What are examples of flexible pricing?

For example, a business might charge higher prices during peak hours or lower prices for customers who book in advance. Flexible pricing can be a great way to increase revenue and profits while still providing value to customers. Other examples of flexible pricing include:

What is a flexible pricing policy?

Contrary to the fixed pricing model, a flexible pricing policy is a type of pricing strategy where businesses change their prices based on a variety of factors, such as customers, supply and demand, or competition. When done right, it can be very successful, but businesses must be careful to maintain their reputation and image.

What are the benefits of flexible pricing?

Flexible pricing comes with numerous advantages, the most significant ones being the following: Price negotiation — One of the main benefits of flexible pricing is that it allows businesses to negotiate prices with customers and the other way around. This is because the price is not set in stone, so there is some room for bargaining.