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premium product
/ˈprɛmiəm ˈprɒdʌkt/
high-quality product
This smartphone is a premium product with advanced features.
The smartphone is a high-quality product with advanced features.
Business
A high-quality product that is often more expensive than standard versions due to superior materials, design, or features.
The company launched a premium product line targeting luxury consumers.
The company introduced a high-end product line aimed at luxury consumers.
Premium products often come with extended warranties and exclusive customer service.
High-quality products typically include extended warranties and exclusive customer service.
Premium products are often marketed to consumers willing to pay more for better quality, exclusivity, or brand prestige.
Collocations
premium product linea range of high-end productspremium pricingcharging higher prices for superior products
Related Phrases
Pro Tip
Marketing Strategy
Premium products are often marketed using terms like 'luxury,' 'elite,' or 'exclusive' to emphasize their high quality.
Gold Rule
Quality Perception
Premium products are perceived as superior due to their higher price, which can enhance brand prestige.
Word Origin
From 'premium' (Latin 'praemium' meaning reward) and 'product' (Latin 'productum' meaning something produced).
Usage Notes
The term is commonly used in marketing and business to differentiate high-quality offerings from standard or budget options.
Word Breakdown
premium
of superior quality or value
adjectiveproduct
an item produced for sale
nounEnglish Dictionary