Permit Your Prices To Fluctuate Freely With Supply And Demand
This article is basically a case study which discusses about the power of dynamic pricing. It was observed that as dozens of governments around the world started loosening their iron grip on state-run telephone monopolies, it would trigger vast changes in the going rates for international telephone calls and data transmission. Companies and consumers would want to benefit from falling prices as soon as possible. Markets would turn chaotic. There was no doubt that both the usage and transmission capacity of phone and data lines would be surging at the same time that costs would be dropping.