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Of these, which has the shortest wavelength?
Prestige Pricing
A pricing strategy where prices are set higher than average to project exclusivity, quality, or luxury, appealing to consumers' status and prestige.
Standard Markup Pricing
Adding a fixed percentage to the cost of all items in a specific product class.
Cost-Oriented
A pricing strategy where the price of a product or service is determined by adding a profit margin to its production cost.
Profit-Oriented
Focused on achieving financial gain or maximizing profits as the primary goal of business operations.
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