David likes New Balance running shoes.However,when he stopped by the Foot Locker to buy a new pair of running shoes,he noticed that Nike had a new pair of running shoes that cost $350.To David,the higher price of the Nike shoe indicated that it would be a better pair of running shoes.This is an example of:
A) premium pricing.
B) price lining.
C) prestige pricing.
D) exclusive pricing.
E) selective pricing.
Correct Answer:
Verified
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