Which of the Following Products Is Most Likely to Be

question 51

Multiple Choice

Which of the following products is most likely to be priced using the prestige pricing strategy?

• A)A bottle of liquor
• B)A loaf of bread
• C)A bag of potato chips
• D)A carton of milk

---

Definitions:

Market Rates

are the prevailing interest rates or prices for services, securities, or commodities in the open market.

Premium

The amount paid for an insurance policy or the amount by which a bond or stock sells above its face value.

Par

Par value, often referred to simply as "par," is the face value of a bond or the stock value stated in the corporate charter, not necessarily its market value.

Bond Prices

The amount of money for which bonds are bought and sold in the market, influenced by factors such as interest rates, supply, and demand.