Prestige pricing involves
A)pricing generic label goods at the same price as designer goods.
B)adding a certain amount to the cost of each item in a product set.
C)pricing a product higher than competitors to signal that it is of higher quality.
D)constantly updating prices to reflect changes in supply or demand.
E)separating out the individual goods that make up a product and pricing each one individually.

Question

Quizplus · Accepted Answer

The Answer of Prestige pricing involves
A)pricing generic label goods at the same price as designer goods.
B)adding a certain amount to the cost of each item in a product set.
C)pricing a product higher than competitors to signal that it is of higher quality.
D)constantly updating prices to reflect changes in supply or demand.
E)separating out the individual goods that make up a product and pricing each one individually.

Prestige Pricing Involves