AI and pricing things by the day or hour

End-of-lesson check

15 questions · take it digitally for instant feedback at tendril.neural-forge.io/learn/quiz/end-explorers-business-AI-and-pricing-things-by-the-day-or-hour-r10a7

1. What makes ticket prices go up according to what you learned?

   1. The weather gets better
   2. The airline runs out of fuel
   3. More people searching for them
   4. The pilots want more money

2. Why do prices sometimes cost more on certain days?

   1. The items are newer
   2. The store needs more shelf space
   3. The employees work harder
   4. More people want to buy them

3. What does AI watch to help set prices?

   1. What color the website is
   2. How old the customers are
   3. How many people are looking at or buying something
   4. What music is playing in the store

4. Why do grown-ups often say 'shop early'?

   1. The internet works faster in the morning
   2. Stores close early
   3. Prices might go up as more people buy things
   4. There are fewer items to choose from

5. What happens to prices when a website gets very busy?

   1. They tend to go up
   2. They go down
   3. The website shuts down
   4. They stay exactly the same

6. Which item might get more expensive right before a holiday?

   1. A popular toy
   2. A broken toy
   3. A winter coat
   4. An old book

7. How does AI help stores set prices?

   1. By watching how many people want to buy something
   2. By picking colors for advertisements
   3. By making deliveries to homes
   4. By answering phone calls

8. What is one reason a toy might cost more in December?

   1. The toy is less popular
   2. The toy is made of cheaper materials
   3. The toy is on sale
   4. Many people want to buy it as a gift

9. If many people are searching for the same flight, what probably happens to the price?

   1. It goes up
   2. It goes down
   3. The plane gets bigger
   4. The flight gets cancelled

10. What does the word 'demand' mean when talking about prices?

    1. How much the item costs to make
    2. How many people want to buy something
    3. How big the item is
    4. How old the item is

11. Why might a price be different in the morning than at night?

    1. The store changes its name
    2. Different numbers of people are looking to buy
    3. The item changes color
    4. The item gets heavier

12. What kind of system changes prices based on how many people want something?

    1. Fixed pricing
    2. Human-only pricing
    3. AI pricing
    4. Random pricing

13. When is a good time to buy a popular toy to get a lower price?

    1. After it sells out everywhere
    2. Long before the holidays
    3. When everyone is talking about it
    4. During the holiday shopping rush

14. What does it mean when a price is described as 'dynamic'?

    1. It never changes
    2. It is very expensive
    3. It is written in math symbols
    4. It can change based on demand

15. How do companies use AI to change prices?

    1. They flip a coin to decide
    2. They use the same price forever
    3. They ask customers what to charge
    4. They watch buying patterns and adjust prices up or down