Mercedes-Benz cars and a Patek Philippe Platinum World Time wristwatch have a common characteristic-they have an element of _________.

Question

Quizplus · Accepted Answer

The common characteristic between Mercedes-Benz cars and a Patek Philippe Platinum World Time wristwatch is that they both have an element of prestige pricing, which involves pricing a product at a high level to convey a sense of exclusivity, luxury, and quality. Both Mercedes-Benz and Patek Philippe are high-end brands that focus on creating a sense of prestige and status for their customers, and their pricing strategy reflects that.

Mercedes-Benz Cars and a Patek Philippe Platinum World Time Wristwatch