If you were rich or famous and want a one-of-a-kind dress you would pay extra for exclusivity of being the only one to own the dress.
why customers would pay more for exclusivity?
Identify and explain three reasons why customers would pay more for exclusivity.
Because they're shallow. Those concerned with status symbols will always pay more for anything that can be construed as such.
Consumer buying trends are driven by need and want. The 3 reasons for exclusivity include: improved perceived quality, rarity imparts value and self gratification.
Because they're shallow. Those concerned with status symbols will always pay more for anything that can be construed as such.
Due to the exclusivity of the people that were going to be at the party, he knew he had no chance of getting in. The exclusivity of the performance increased the demand for tickets.
The exclusivity of the Rolls Royce brand is cost, they do not qualify their customers other than ensuring you can pay.
Exclusivity
The Exclusivity of Gainesville - 2008 was released on: USA: 19 October 2008
If you want someone to work exclusively for you, usually it is because he/she is very good at the job and you don't want to risk losing him/her. Plus, if that person is also working for your competition, there's always the risk of them finding out what you're up to. So, for that, you pick the best person for your specific activity and pay him/her more to work just for you.
Exclusivity is valuable because it creates a demand that is larger than the supply. This is sometimes just a perception of a brand being exclusive and not the actuality.
Yes. There are two basic things that confer value to an item or service: exclusivity (rare, expensive, ie most people do not have access to it, this would set you apart from others, such as diamonds) and utility (inherent usefulness of said item, ie food and water are needed to live)