Mercedes-Benz cars and a Patek Phillipee's Platinum World Time wrist watch have a common characteristic - they have an element of _________.

Question

Quizplus · Accepted Answer

Both Mercedes-Benz cars and Patek Phillipee's Platinum World Time wrist watch are luxury brands that use prestige pricing, which means setting high prices to communicate exclusivity and quality to consumers. This pricing strategy is often used for products or services that are perceived as high-end or premium.

Mercedes-Benz Cars and a Patek Phillipee's Platinum World Time Wrist