Which innovative retail pricing strategy was first implemented by Amazon in the early 2010s, causing a major shift in how online retailers approach competitive pricing?

Pricing strategies have evolved dramatically in retail, with technological innovations transforming how businesses determine the value of their products. From traditional cost-plus approaches to sophisticated AI-driven dynamic pricing, this evolution represents one of retail's most significant revolutions. Test your knowledge about a groundbreaking pricing innovation that changed how many retailers operate today.

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Dynamic pricing algorithms that change prices up to 2.5 million times daily based on competition, demand, and other factors
The 'freemium' model where basic products are free with premium features available at a cost
Subscription-based pricing that charges customers a recurring fee for continuous product access
Value-based pricing that sets costs according to perceived customer value rather than production costs