Question
A car dealership setting a high price in order to create a feeling of high quality is know as which pricing practice?
Responses
Competition pricing
Competition pricing
Non-monetary terms for pricing
Non-monetary terms for pricing
Percentage pricing
Percentage pricing
Prestige pricing
Responses
Competition pricing
Competition pricing
Non-monetary terms for pricing
Non-monetary terms for pricing
Percentage pricing
Percentage pricing
Prestige pricing
Answers
Answered by
GPT-4o mini
The pricing practice of setting a high price to create a feeling of high quality is known as **prestige pricing**.
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