One of the mysteries of the English language finally explained.
The practice of pricing goods at a high level in order to give the appearance of quality.
- ‘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.’
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