prestige pricing

World English Dictionary
prestige pricing
marketing the practice of giving a product a high price to convey the idea that it must be of high quality or status

Collins English Dictionary - Complete & Unabridged 10th Edition
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Cite This Source's 21st Century Lexicon
Main Entry:  prestige pricing
Part of Speech:  n
Definition:  the practice of setting a higher-than-average price for a product to suggest prestige and status to consumers's 21st Century Lexicon
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