Adding value to the (or line) through additional features or higher-quality materials, is referred to as _________.

Question

Quizplus · Accepted Answer

Trading up refers to adding value to a product line by including additional features or using higher-quality materials, which leads to higher prices and a perception of luxury or exclusivity. Revaluation is a financial term that refers to the reassessment of the value of an asset. Product inflation is a negative term that refers to the increase in prices of products over time without any added value. Upscale marketing is a strategy to target high-end customers and promote luxury products. Quality allowance is not a recognized term in marketing.

Adding Value to the (Or Line) Through Additional Features or Higher-Quality