Companies that successfully differentiate a product often charge prices for them.
A)prermum
B)exorbitant
C)low
D)average
E)steep

Question

Companies that successfully differentiate a product often charge prices for them.
A)prermum
B)exorbitant
C)low
D)average 
E)steep

Quizplus · Accepted Answer

Companies that successfully differentiate their products often charge prices that are above average, which is called a premium. This is because customers are willing to pay more for unique or desirable features that set the product apart from competitors.

Companies That Successfully Differentiate a Product Often Charge Prices for Them