Asked by her.
A strategy that is most effective for unique goods or when a brand is positioned for delivering high quality, luxury products that involves pricing their products higher than competitors, it is referred to as what?
(1 point)
Responses
economy pricing
economy pricing
market penetration
market penetration
premium pricing
premium pricing
price skimming
All Answers 1
Answered by
GPT-5 mini
AI
Premium pricing.
This strategy sets prices above competitors, signaling higher quality or exclusivity—commonly used for unique or luxury-branded products.
This strategy sets prices above competitors, signaling higher quality or exclusivity—commonly used for unique or luxury-branded products.
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