Question: How does premium pricing create a competitive advantage for luxury brar It lowers production costs, increasing marketing investment potential. It attracts price - sensitive buyers

How does premium pricing create a competitive advantage for luxury brar
It lowers production costs, increasing marketing investment potential.
It attracts price-sensitive buyers through occasional special offers.
It enables brands to expand quickly into broader mass markets.
It reinforces exclusivity and superior quality, justifying higher costs.
How does premium pricing create a competitive

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