Prestige Pricing Is Considered to Be a ________ Approach to Pricing

question 52

Multiple Choice

Prestige pricing is considered to be a ________ approach to pricing.

• A) demand-oriented
• B) cost-oriented
• C) profit-oriented
• D) competition-oriented
• E) service-oriented

---

Definitions:

Government-Approved Bank

A financial institution that has received official authorization from the government to operate within certain regulatory standards.

Depreciation

The reduction in the value of an asset over time, particularly due to wear and tear.

Foreign Exchange Market

A global decentralized or over-the-counter market for the trading of currencies, facilitating international trade and investment by enabling currency conversion.

Spot Exchange

Involves the immediate transaction or exchange of financial instruments or commodities for immediate delivery.