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

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Definitions:

More Skilled

Refers to possessing higher levels of competence, expertise, or proficiency in a particular area or field compared to others.

Specialization

The process of focusing on and becoming expert in a particular subject or skill, often within a professional context.

Lack Of Communication

The absence, breakdown, or inefficiency of exchanging information, leading to misunderstandings and challenges in relationships or organizational operations.

Different Departments

Varied sections within an organization, each with their own set of functions and responsibilities, contributing to the overall objectives of the organization.