Premium Pricing, Which Is Sometimes Called Prestige Pricing, Is Pricing

question 45

True/False

Premium pricing, which is sometimes called prestige pricing, is pricing a brand at the top end of a product category's pnce range.

---

Definitions:

SSIs Rate

Stands for Surgical Site Infections rate, which is a measure used in healthcare to quantify the occurrence of infections that occur after surgical procedures in the part of the body where the surgery took place.

National Average

The mean value calculated from the available data that represents a norm or benchmark across a country.

Divorce Rate

The divorce rate is a statistical measure that represents the number of divorces per unit of population within a specified time period or demographic.

Confidence Interval

A range of values derived from sample statistics that is likely to contain the true value of an unknown population parameter.