Whois & Analysis for pros.com

Dynamic pricing, also referred to as surge pricing, demand pricing, or time-based pricing is a pricing strategy in which businesses set flexible prices for products or service based on current market demands.

Businesses are able to change prices based on algorithms that take into account competitor pricing, supply and demand, and other external factors in the market.

Dynamic pricing is a common practice in several industries such as hospitality, travel, entertainment, retail, electricity, and public transport.

Each industry takes a slightly different approach to repricing based on its needs and the demand for the product.

Yield management is a variable pricing strategy, based on understanding, anticipating and influencing consumer behavior in order to maximize revenue or profits from a fixed, time-limited resource (such as airline seats or hotel room reservations or advertising inventory).

As a specific, inventory-focused branch of revenue management, yield management involves strategic control of inventory to sell it to the right customer at the right time for the right price.

This process can result in price discrimination, in which customers consuming identical goods or services are charged different prices.

Yield management is a large revenue generator for several major industries; Robert Crandall, former Chairman and CEO of American Airlines, gave yield management its name and has called it "the single most important technical development in transportation management since we entered deregulation.".

Digital economy refers to an economy that is based on digital computing technologies.

The digital economy is also sometimes called the Internet Economy, the New Economy, or Web Economy.

Increasingly, the "digital economy" is intertwined with the traditional economy making a clear delineation harder.

Profit or normal profit is a component of (implicit) costs and not a component of business profit at all.

It represents the opportunity cost, as the time that the owner spends running the firm could be spent on running a different firm.

The enterprise component of normal profit is thus the profit that a business owner considers necessary to make running the business worth his or her while, i.e., it is comparable to the next-best amount the entrepreneur could earn doing another job.

Particularly if enterprise is not included as a factor of production, it can also be viewed a return to capital for investors including the entrepreneur, equivalent to the return the capital owner could have expected (in a safe investment), plus compensation for risk.

In other words, the cost of normal profit varies both within and across industries; it is commensurate with the riskiness associated with each type of investment, per the risk-return spectrum.

Cucurbitadienol synthase (CPQ (gene), (S)-2,3-epoxysqualene mutase (cyclizing, cucurbitadienol-forming)) is an enzyme with systematic name (3S)-2,3-epoxy-2,3-dihydrosqualene mutase (cyclizing, cucurbitadienol-forming).

This enzyme catalyses the following chemical reaction.