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Which pricing strategy involves charging a high price initially due to a competitive advantage?
  • a)
    Product Bundle Pricing
  • b)
    Psychological Pricing
  • c)
    Premium Pricing
  • d)
    Optional Product Pricing
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Which pricing strategy involves charging a high price initially due to...
Premium pricing involves setting a higher price based on a competitive advantage or unique brand positioning. Customers are willing to pay more for perceived value or exclusivity.
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Which pricing strategy involves charging a high price initially due to a competitive advantage?a)Product Bundle Pricingb)Psychological Pricingc)Premium Pricingd)Optional Product PricingCorrect answer is option 'C'. Can you explain this answer?
Question Description
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