_____ pricing is the strategy of increasing the price of a product so that consumers will perceive it being of higher value.
A)Psychological
B)Leader
C)Bait
D)Prestige
E)Specialty

Question

Quizplus · Accepted Answer

Prestige pricing is the strategy where prices are set higher than normal because the higher price is thought to indicate higher value or quality, appealing to consumers' perceptions of prestige or luxury.

_____ Pricing Is the Strategy of Increasing the Price of a Product