The three most common and effective strategies marketers can use for raising prices are unbundling, escalator clauses, and
A)dumping.
B)reference pricing.
C)prestige pricing.
D)odd pricing.
E)shrinkflation.

Question

Quizplus · Accepted Answer

Prestige pricing is an effective strategy for raising prices because it involves setting a high price to signal superior quality or exclusivity, appealing to consumers' desire for luxury or premium products.

The Three Most Common and Effective Strategies Marketers Can Use