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Hich pricing strategy involves setting a high price for an exclusive, high-end product?

User ChrisNY
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Yes, this encourages the buyer to pay more for an item especially if it is by a well known branded. This gives them to opportunity to brag and boast with their purchase. Also when the product is well known consumers are going to try their absolute best to buy it, this is going to make the product scare, hence increasing its price.
User Saltymule
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