Prestige pricing is a ________ approach to pricing.
A) demand-oriented
B) cost-oriented
C) profit-oriented
D) competition-oriented
E) service-oriented

Name: Prestige pricing is a ________ approach to pricing. A) demand-oriented B) cost-oriented C) profit-oriented D) competition-oriented E) service-oriented
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Question

Quizplus · Accepted Answer

Prestige pricing is a demand-oriented approach because it involves setting a high price to create an image of quality and exclusivity, appealing to consumers' perceptions and demand for luxury.

Prestige Pricing Is a ________ Approach to Pricing