Deliberately setting high prices to attract high-end customers is known as
A) price lining.
B) prestige pricing.
C) skimming.
D) value pricing.

Name: Deliberately setting high prices to attract high-end customers is known as A) price lining. B) prestige pricing. C) skimming. D) value pricing.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Prestige pricing involves setting high prices to give the appearance of quality and luxury, attracting customers who are willing to pay more for perceived higher value or status.

Deliberately Setting High Prices to Attract High-End Customers Is Known