Virtual Electronics utilizes a strategy to charge a very high introductory price for their automobile video theatre.After identifying that their rival firms did not carry this new product,they chose this strategy to achieve maximum profits.Virtual Electronics has chosen a ________ strategy.

Question

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Virtual Electronics has chosen a skimming pricing strategy, where they are charging a high introductory price for their new product that is not yet available from their competitors. This strategy aims to maximize profits by targeting early adopters who are willing to pay a premium price for the product.

Virtual Electronics Utilizes a Strategy to Charge a Very High