A Lebanese manufacturer of washing machines manufactures many different washing machines. As the quality of the various washing machines may not be apparent to customers, the manufacturer uses a number of different specific price points for its line of washing machines to signal their differences in quality, which the best quality washing machine priced the highest and the lowest quality washing machine priced the lowest?

Answer rating: 100% (QA)

The manufacturer is employing a pricing strategy known as pricequality signaling This strategy inv... View the full answer