Answer :
The idea that price is actually negotiated between the buyer and seller refers to dynamic pricing.
Option c is correct
Dynamic pricing is a pricing strategy where the price of a product or service is adjusted in real-time based on various factors, such as market demand, competition, and customer behavior. The key characteristic of dynamic pricing is that the price is not fixed but varies based on changing market conditions.
Dynamic pricing is often used in industries such as transportation (e.g., airline tickets, ride-sharing services), hospitality (e.g., hotels, vacation rentals), and e-commerce (e.g., online retailers). In these industries, prices can fluctuate rapidly based on factors such as time of day, day of the week, seasonality, and customer behavior.
Option c is correct
To know more about dynamic pricing.here
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