Asked by Hollie Grant on Sep 24, 2024
Which of the following is more likely to be able to command a higher price for its products
A) A specialty frozen yogurt producer,with high quality product
B) A mall kiosk selling costume jewelry
C) A specialty toy store that allows customers to self-design teddy bears
D) Both A&C
Command A Higher Price
Being able to sell goods or services at a price above the average due to perceived added value, quality, or brand reputation.
- Identify methods to reduce the influence of buyers and secure premium pricing for goods.
Learning Objectives
- Identify methods to reduce the influence of buyers and secure premium pricing for goods.