FIGURE 12-3
-Retailers such as Bloomingdale (Figure 12-3 above), set __________ for their products.

Name: FIGURE 12-3 -Retailers such as Bloomingdale (Figure 12-3 above), set __________ for their products.
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Question

FIGURE 12-3 
-Retailers such as Bloomingdale (Figure 12-3 above), set __________ for their products.

Quizplus · Accepted Answer

The term "premium prices" refers to prices set above customary prices to reflect the quality or prestige of a product. Bloomingdale is a high-end retailer that sells luxury brands, and therefore, it sets premium prices for its products.

FIGURE 12-3 -Retailers Such as Bloomingdale (Figure 12-3 Above), Set __________ for Set