Good Stuff, Inc. sets high prices for its products and seeks profit margin, not volume. Good Stuff's marketing plan should identify which of the following strategies?

Question

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Market skimming is a pricing strategy where a company sets high prices for its products with the goal of maximizing profit in the short term. This strategy is often used for new or innovative products with limited competition. Good Stuff, Inc. sets high prices and seeks profit margin, which aligns with the objectives of market skimming. The other options (A, C, D) do not fit with the described pricing strategy of Good Stuff, Inc.