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Dynamic pricing enables digital platforms to rapidly adapt to changing market conditions, per Harvard Business School.
What does that mean for you?
GOBankingRates has listed them below, along with a couple ofshopping hacks to keep you from getting ripped off.
Wedding Vendors
The average wedding is about $33,000, according to Zola.
That figure is likely much higher than the price for a non-wedding event of similar size and scope.
One way around it is to purchase products and services without specifying that theyre for a wedding.
But its not just the Fortnight singer with outrageous prices.
Almost every concert ticket price has skyrocketed.
Its Ticketmaster who we should have beef with, Cruz said.
Ride Share Services
Another example of dynamic pricing Cruze noted is ride-sharing apps like Uber or Lyft.
During peak times, rates are increased, and riders pay the price.
You might be able to limit tracking by using a private web client window Incognito, for Chrome users.
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