Skimming pricing strategy represents a pricing strategy that establishes a low price in hopes of attracting a great number of customers and attempts to discourage competitors.

Question

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Skimming pricing strategy is actually the opposite of this statement - it establishes a high price for a new product in hopes of maximizing profits from early adopters and then gradually lowering the price to attract a broader customer base.

Skimming Pricing Strategy Represents a Pricing Strategy That Establishes a Low