prestige

(noun)

The quality of how good the reputation of something or someone is.

Related Terms

Examples of prestige in the following topics:

  • A Brief Definition of Brand

    • Brands provide external cues to taste, design, performance, quality, value and prestige if they are developed and managed properly.
    • Attributes: The Mercedes-Benz brand, for example, suggests expensive, well-built, well-engineered, durable, high-prestige automobiles.

  • Demanding a Premium

    • It is also called image pricing or prestige pricing.

  • The Goals of Entrepreneurs

  • Maslow's Hierarchy of Needs

    • This may include a need for status, recognition, fame, prestige, and attention.

  • Marketing Environment Research

    • Consumers' knowledge about a brand also governs how manufacturers and advertisers market the brand. [7][8] Brand equity is created through strategic investments in communication channels and market education and appreciates through economic growth in profit margins, market share, prestige value, and critical associations[disambiguation needed].