Which of the Following BEST Describes Prestige Pricing

question 101

Multiple Choice

Which of the following BEST describes prestige pricing?

• A) It is also called leader pricing.
• B) It emphasizes the monetary nature of price.
• C) It is the practice of marking up prices by 100 percent.
• D) It uses high prices to promote a high-quality product.

---

Definitions:

Algae Blooms

Rapid increase or accumulation in the population of algae in water systems, often resulting in discoloration of waters and causing negative ecological effects.

Anaerobic Bacteria

Microorganisms that thrive in environments lacking oxygen and can break down substances in the absence of air, often used in waste treatment processes.

Phosphorus

A chemical element essential for life, involved in numerous cellular processes and a critical component of DNA and bone mineral.

Pollution Prevention

The practice of reducing or eliminating waste and pollutants at their sources, prior to recycling, treatment, or disposal.