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When a company initially sets a high price to capitalize on a unique brand advantage, what pricing strategy is being used?
  • a)
    Economy Pricing
  • b)
    Penetration Pricing
  • c)
    Value Pricing
  • d)
    Premium Pricing
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
When a company initially sets a high price to capitalize on a unique b...
Premium Pricing involves charging a higher price for a product due to a unique brand advantage. This strategy targets customers who are willing to pay more for a premium experience, quality, or exclusivity. Examples include luxury hotels, high-end fashion brands, and premium services.
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When a company initially sets a high price to capitalize on a unique brand advantage, what pricing strategy is being used?a)Economy Pricingb)Penetration Pricingc)Value Pricingd)Premium PricingCorrect answer is option 'D'. Can you explain this answer?
Question Description
When a company initially sets a high price to capitalize on a unique brand advantage, what pricing strategy is being used?a)Economy Pricingb)Penetration Pricingc)Value Pricingd)Premium PricingCorrect answer is option 'D'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about When a company initially sets a high price to capitalize on a unique brand advantage, what pricing strategy is being used?a)Economy Pricingb)Penetration Pricingc)Value Pricingd)Premium PricingCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for When a company initially sets a high price to capitalize on a unique brand advantage, what pricing strategy is being used?a)Economy Pricingb)Penetration Pricingc)Value Pricingd)Premium PricingCorrect answer is option 'D'. Can you explain this answer?.
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