Consumers will often pay more for a product that has a premium image attached to it by advertising.

Name: Consumers will often pay more for a product that has a premium image attached to it by advertising.
Brand: Quizplus
Rating: 4.9 (48 reviews)

Question

Quizplus · Accepted Answer

This is because a premium image suggests higher quality, better design, and perhaps even a certain lifestyle associated with owning the product. Consumers may perceive the product as worth more due to this perception and therefore be willing to pay a higher price.

Consumers Will Often Pay More for a Product That Has