Which of the following features allows you to update prices as per a defined schedule?

The feature that allows you to update prices according to a defined schedule is Mass Update Prices. This functionality is designed for bulk updating, enabling users to set parameters and apply price changes to multiple items at once based on a specified schedule. It provides efficiency, especially for companies that need to frequently adjust prices for a large inventory due to market conditions, promotional activities, or other strategic reasons.

Using Mass Update Prices, users can define specific criteria for which items should be updated and establish timing for when these updates should take effect. This can help maintain consistency in pricing across the system and ensure that pricing strategies are implemented in a timely manner without requiring individual adjustments for each item.

The other options, while relevant to pricing strategies, do not focus specifically on the aspect of scheduled price updates. For instance, Recurring Pricing is typically associated with subscription-based models, while Price Adjustments are generally used for specific changes at given times or for certain items, not on a wider bulk basis like Mass Update Prices. Scheduled Discounts relate to offering discounts at predetermined times but do not equate to updating base prices in a structured manner.