Examlex
Which of the following statements is false?
Pricing Approach
Strategies employed by businesses to set the price of their products or services, taking into account costs, demand, and competition.
Prestige Pricing
A pricing strategy where prices are set higher than average to create an image of exclusivity and high quality, appealing to status-conscious consumers.
Demand-oriented Approach
focuses on understanding and meeting the existing demand of consumers as the primary strategy for product development and marketing.
Prestige Pricing
A pricing strategy where goods are priced high to present a perceived value of exclusivity and luxury.
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