prestij
Prestij is a term used in Indonesia and Malaysia to denote esteem, honor, or high social standing, as well as the perceived value or desirability of something, such as a brand or institution. It can describe both personal status and the reputational value attributed to organizations, products, or places. In social sciences, prestige refers to the respect and admiration afforded to individuals or groups by others, often influencing interactions and opportunities.
Etymology: The word is a borrowing of the English prestige into Malay and Indonesian, where the spelling
Applications and implications: In business, prestige is used in branding and pricing strategies (prestige pricing, luxury