Generally,_____ pricing is for an item considered a status symbol,whereas,_____ pricing is used for non-status symbol types of products.

Question

Quizplus · Accepted Answer

Prestige pricing is generally used for items considered status symbols, while premium pricing is used for non-status symbol type of products. So, option B - prestige and premium - provides the most appropriate pairs of pricing strategies for the two types of products. Option A (skimming and total) and C (return and skimming) are incorrect as they do not indicate any relationship between the pricing strategies and the type of products. Option D (premium and prestige) is opposite to what is mentioned in the question.

Generally,_____ Pricing Is for an Item Considered a Status Symbol,whereas,_____

Generally,_ Pricing Is for an Item Considered a Status Symbol,whereas,_