What is a high price strategy?
High price strategy is a marketing strategy, with a high price assigned to the product or service by manufacturers, retailers or service producers. It is only one type of price or strategy from a variety of methods that can be used to sell products or services. There are several conditions under which a high price strategy can be assigned to the sale of such items, including uniqueness, quality or rarity of the item, or simply as a means of using undesirable consumers.
If an item is unique of many similar products, sellers can earn items on this fact to use a high price strategy. The uniqueness of the product could be caused by any number of factors, including color, rarity, ingredients, presentations or packaging. A good example can be seen in the case of the sale of different types of jewelry. When a rare stone is a different color or size than the standard, the jewelryužužužuje unique attributes for practicing a strategy withHigh price. In this case, the price for this particular part of the rare stone could be launched to consumers at a much higher price than they would normally pay for such a stone, which means that they responded to a high price strategy used by jewel traders.
Another instance where you can practice a high price strategy is when the item quality is higher than the quality of similar items. For example, if a cosmetic trade is in an exclusive neighborhood, it includes many other services and hires the best stylists in the field, it can effectively and successfully practice a high price strategy due to the value that people place on this service. Such a value may be due to the feeling of exclusivity awarded to this particular cosmetic store, even if it charges more than three Times as the closest opponents charge.
At other times, when this strategy could be practiced is when the traders of the SVAIt brings deceive people to make some quick money. In this case, the value of the non -standard good will be marked and presented or sold at an exaggerated price. People who know what to look for could recognize fraud for what it is, but others could still fall on this kind of gambit. An example is the sale of certain electronic items at expensive prices, although some components used in their production do not measure the quality of quality in other electronic items that are truly costly because of their quality.