What Do Prestige Pricing Objectives Emphasize

question 166

Multiple Choice

What do prestige pricing objectives emphasize?

• A) quality and exclusivity
• B) revenue maximization
• C) cost minimization
• D) sales maximization

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Definitions:

Price Elastic

refers to the responsiveness of the quantity demanded of a good or service to a change in its price.

Per-Unit Tax

A tax imposed on a product based on the number of units purchased, not the value of the purchase.

Buyers

Individuals or entities that exchange money for goods and services.

Sellers

Individuals or entities that offer goods or services to buyers in exchange for payment.