prestige pricing

noun

1. marketing the practice of giving a product a high price to convey the idea that it must be of high quality or status

Example Sentences

“We’re opting out of prestige pricing, we’re setting our tuition at a lower point,” he said.

Read more on Washington Times

The vast majority of colleges continue to engage in “prestige” pricing, but ultimately are forced to quietly offer deep discounts in an attempt to fill up their classes.

Read more on Forbes