Firms that want to promote an image of superior quality and exclusivity to customers would most likely pursue a ________ pricing strategy.
Fill in the blank(s) with the appropriate word(s).
prestige
Prestige pricing is a strategy that involves pricing a product higher than competitors to signal that it is of higher quality.
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Both the retail method and the gross profit method are useful in estimating the inventory cost
Indicate whether the statement is true or false
In which stage of the creative selling process would the salesperson say, "What quantity would you like to order?"
A) preapproach B) close C) qualify D) handle objections E) follow-up
The following data is given for the Stringer Company: Budgeted production 26,000 units Actual production 27,500 units Materials: Standard price per ounce $6.50 Standard ounces per completed unit 8 Actual ounces purchased and used in production 228,000 Actual price paid for materials $1,504,800 Labor: Standard hourly labor rate $22 per hour Standard hours allowed per completed unit 6.6 Actual
labor hours worked 183,000 Actual total labor costs $4,020,000 Overhead: Actual and budgeted fixed overhead $1,029,600 Standard variable overhead rate $24.50 per standard labor hour Actual variable overhead costs $4,520,000 Overhead is applied on standard labor hours. The direct material price variance is: A) 22,800U B) 22,800F C) 52,000U D) 52,000F
How has Zara gone about building an organization capable of proficient strategy execution?
What will be an ideal response?