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Can prestige pricing actually increase sales even though it usually means charging a higher price? Explain with one or more supporting example ( s )
Can prestige pricing actually increase sales even though it usually means charging a higher price? Explain with one or more supporting examples What would Galloway in his article on the future of higher education say about university prestige and pricing? Recall too that in Galloways earlier writing we looked at in the consumer behavior chapter on the body analogy with The Four GAFA Consider, for instance, Galloways view of Facebook was that its position on the algorithm of value placed it of highest value as a metric of receptors amplified exponentially by intelligence. On this sort of view, would you consider trading metaverse data that documents, surveils, and tracks some or all of your college experience for a monetary credit to your balance owed? How much would such data be worth on your estimationtry to place it on the range of no price youd outright effuse for moral reasons a few hundred dollars a month, all the way up to the equivalent of a free education? Why or why wouldnt such an exchange be a good idea? What difference would such a proposed exchange make to his Galloways arguments on college and prestige pricing make if approached his algorithm of value from the angle of Price versus Cost? Explain with one or more supporting example.
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