Price premium,
Definition of Price premium:
The marketing practice of selling an elite product at a cost level above that of its competition in order to make it appeal to more exclusive and wealthy consumers. A business producing a high end good or service might add a price premium to its advertised cost in order to attract more affluent customers that can afford to pay more for what they think will be a higher quality item.
Meaning of Price premium & Price premium Definition
ncG1vNJzZmign6zBsLDIrJquq6NjsLC5jq1mqaqZmLJuvNGepKKtnWR%2BeX2Sag%3D%3D