PRESTIGE PRICING

Prestige Pricing



Prestige Pricing

Prestige pricing, also known as premium pricing, is a cost scheme that suggests supplemented worth of merchandise because of its position at the higher end of the cost scale. Prices inside this kind of financial modeling are by artificial entails increased for a psychological trading advantage. This kind of pricing aspires to capitalize on buyers' notions that one brand's high-priced piece is better in value to a alike piece that could be bought for considerably less.

The scheme behind prestige pricing is not joined to its value but more to its image. By giving a merchandise an ...