A Patek Philippe Sky Moon Tourbillon men's wristwatch is among the most expensive in the world, costing more than $1.5 million. This is an example of a ________ strategy.

A) penetration pricing
B) target pricing
C) bundle-pricing
D) loss-leader pricing
E) prestige pricing

Question

Isabelle Osborne · Accepted Answer

Final Answer : E, Explanation :  Prestige pricing is a strategy where prices are set higher to give the perception of high quality and exclusivity, which is applicable to luxury items like the Patek Philippe Sky Moon Tourbillon watch.

A Patek Philippe Sky Moon Tourbillon men's wristwatch is among the most expensive in the world, costing more than $1.5 million. This is an example of a ________ strategy.

A) penetration pricing
B) target pricing
C) bundle-pricing
D) loss-leader pricing
E) prestige pricing

Definitions

Learning Objectives

Learning Objectives

Related questions

A Patek Philippe Sky Moon Tourbillon men's wristwatch is among the most expensive in the world, costing more than $1.5 million. This is an example of a ________ strategy.A) penetration pricingB) target pricingC) bundle-pricingD) loss-leader pricingE) prestige pricing

Definitions

Learning Objectives

Learning Objectives

Related questions

A Patek Philippe Sky Moon Tourbillon men's wristwatch is among the most expensive in the world, costing more than $1.5 million. This is an example of a ________ strategy.

A) penetration pricing
B) target pricing
C) bundle-pricing
D) loss-leader pricing
E) prestige pricing