What is 'dynamic pricing' as planned by Wendy's?

Wendys Dynamic

Quiz
•
Financial Education
•
8th Grade
•
Hard
William Graves
FREE Resource
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A pricing strategy that increases prices during peak times
A fixed pricing model that does not change
A discount system for loyal customers
A time-based pricing strategy that adjusts prices based on demand and time
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
By when does Wendy's plan to roll out digital menu boards to all U.S. company-operated restaurants?
By the end of 2023
By the end of 2025
By the end of 2024
By the end of 2026
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How much is Wendy's investing to support digital menu board enhancements for the global system?
$10 million
$5 million
$15 million
$20 million
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the initial media comparison for Wendy's dynamic pricing?
Dynamic pricing in online marketplaces
Surge pricing on the Uber app
Discount pricing in retail stores
Surge pricing on taxi services
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What did Wendy's clarify about their use of 'dynamic pricing'?
They will only use it during off-peak times
They will implement surge pricing
They will not implement surge pricing
They plan to use it for discounts only
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What did Burger King offer in response to Wendy's announcement?
Free Whoppers through Friday
Discount on all items
Free fries through Friday
Buy one get one free deal
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What additional features will Wendy's test on digital menu boards?
Customer loyalty tracking
AI-enabled menu changes and weather-based suggestions
Live video ordering assistance
Virtual reality menu browsing
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