The prestige market seeks only the highest-priced product available.

Question

Quizplus · Accepted Answer

While the prestige market is often associated with luxury and high prices, it does not necessarily seek only the highest-priced product available. Consumers in the prestige market may value quality, exclusivity, and brand reputation over price. Additionally, some luxury brands offer lower-priced products within their line to cater to a wider range of consumers.

The Prestige Market Seeks Only the Highest-Priced Product Available