With prestige products, a firm will always be able to sell more at a higher price.

Name: With prestige products, a firm will always be able to sell more at a higher price.
Brand: Quizplus
Rating: 4.8 (36 reviews)

Question

Quizplus · Accepted Answer

While prestige products often have a higher price point, this does not guarantee that a firm will always be able to sell more of them. Factors such as consumer demand, market competition, and economic conditions can all impact sales, regardless of the price or prestige of a product.

With Prestige Products, a Firm Will Always Be Able to Sell