Examlex
What is the approach taken in this chapter to understanding Indigenous youth crime?
Prestige Pricing
Setting a high price so that quality- or status-conscious consumers will be attracted to the product and buy it.
Quality
The level at which a product or service achieves or outdoes the expectations of customers.
Status-conscious Consumers
Consumers who make purchasing decisions based on the perceived status or prestige associated with a product or brand.
Penetration Pricing Policy
A business strategy where the initial product price is set very low to gain market share quickly.
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