For ventures that first get to market or create intellectual property rights, it's common to price new products or services at high markups or profit margins.

Name: For ventures that first get to market or create intellectual property rights, it's common to price new products or services at high markups or profit margins.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This strategy, known as price skimming, allows companies to maximize profits from early adopters willing to pay more before competitors enter the market and drive prices down.

For Ventures That First Get to Market or Create Intellectual