The first one is to set the initial price high followed by a lower price at a later stage, in order to build up a high-quality image. The company can make high profits from customers

what does it mean？[Image]

Question

The first one is to set the initial price high followed by a lower price at a later stage, in order to build up a high-quality image. The company can make high profits from customers

what does it mean？[Image]

Answer

Hello. It means you start by charging a high price, you make it expensive so customers think it's high quality. Then later you discount it, you make it cheaper.