Question:

Define Premium Pricing?

by Guest62622  |  earlier

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What is Premium Pricing as a Pricing strategy. Do you think it would be good for a wine bar and why?

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  1. It is making your product and services stand above the rest. I think it would be excellent for a wine bar. Give it that exclusive feel.

    However premium pricing has to be accompanied by location, great atmosphere and excellent surroundings.

    When you use premium pricing as a strategy, you are placing yourself in a niche that will cater to only certain individuals.

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