Which of the following is a pricing strategy that turns the typical assumption about price-demand relationships on its head?
A)penetration pricing
B)price bundling
C)assimilation effect pricing
D)placebo effect pricing
E)prestige pricing

Question

Quizplus · Accepted Answer

Prestige pricing is a strategy where higher prices are set to give the perception of higher quality, which can lead to increased demand, contrary to the typical price-demand relationship where higher prices usually decrease demand.

Which of the Following Is a Pricing Strategy That Turns