Comparison of wireless data standards. A wide variety of different wireless data technologies exist, some in direct competition with one another, others designed for specific applications. Wireless technologies can be evaluated by a variety of different metrics of which some are described in this entry. Standards can be grouped as follows in increasing range order: Personal Area Network (PAN) systems are intended for short range communication between devices typically controlled by a single person.
Dynamic Pricing. Definition - What does Dynamic Pricing mean? Dynamic pricing is a customer or user billing mode in which the price for a product frequently rotates based on market demand, growth and other trends. It enables setting a cost for software or Web-based product that is highly flexible in nature. Dynamic pricing is also known as real-time pricing.
Example of psychological pricing at a gas station. Psychological pricing (also price ending, charm pricing) is a pricing/marketing strategy based on the theory that certain prices have a psychological impact.Retail prices are often expressed as odd prices: a little less than a round number, e.g. $19.99 or Â£2.98.he theory of psychological pricing is controversial. Some studies show that buyers, even young children, have a very sophisticated understanding of true cost and relative value and that, to the limits of the accuracy of the test, they behave rationally.