The practice of pricing goods at a high level in order to give the appearance of quality.
More example sentences
- Part two, ‘Wealth and the Quest for Prestige,’ describes how faculty preferences influence development policies, the quest for program rankings, and prestige pricing.
- This type of prestige pricing is often associated with higher quality services, genuine technical advantage, or some sort of unique selling point.
Definition of prestige pricing in:
- The British & World English dictionary