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:

Periodic Interest Rate

The rate of interest earned in one compounding period.

Payment Interval

The length of time between successive payments in an annuity.

Registered Retirement Savings Plan

A savings and investment account, primarily used in Canada, that provides tax benefits for retirement savings.

Compounded Monthly

Interest calculated and added to the principal balance each month.