Products that cost a lot of money but that people buy anyway because of the status and exclusivity that they project to others are called

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makenzieboyette4428 makenzieboyette4428

11-11-2021
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Products that cost a lot of money but that people buy anyway because of the status and exclusivity that they project to others are called

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abiolataiwo2015 abiolataiwo2015 · Answer 1 · 2021-11-24T10:40:36+01:00

Products that cost a lot of money but that people buy anyway because of the status and exclusivity that they project to others are called prestige products.

Prestige products are products that are of a high quality, high value and costly which are often purchased by people because of the benefit they will derived from it.

Most people tend to buy prestige products in order to increase their status in the society and they will often go for the product without minding how costly the product are.

Example of prestige product is buying a luxury car or items such as wrist watch that are very expensive.

Inconclusion products that cost a lot of money but that people buy anyway because of the status and exclusivity that they project to others are called prestige products.

Learn more about prestige products here: https://brainly.com/question/6374886