MANAGEMENT

Detailed explanation-1: -Premium Offer means value-added merchandise, travel, or services held out to consumers in exchange for their purchase of an alcoholic beverage product, sometimes referred to as “product gift” or “gift with sales promotion.”

Detailed explanation-2: -Another very popular sales promotion for consumers is a premium. A premium is a product or offer a consumer receives when they buy another product. Premiums may be offered free or for a small shipping and handling charge with proof of purchase (sales receipt or part of package).

Detailed explanation-3: -What Is Freemium? A combination of the words “free” and “premium, ” freemium is a type of business model that offers basic features of a product or service to users at no cost and charges a premium for supplemental or advanced features.

Detailed explanation-4: -The best examples of premium pricing are premium brands in the fashion and tech industry. Some of the biggest names that rely on premium pricing to indicate their products are luxury goods Rolex, Chanel, Gucci, Apple, etc.