A form of pricing high,what strategy is used for new products that have no competition?
A)customer-led pricing
B)competition-led pricing
C)skimming
D)loss-leader pricing

Question

Quizplus · Accepted Answer

Skimming is a pricing strategy used for new products that have no competition. This strategy involves setting a high price for the product initially to help the company recoup its development and marketing costs. As more competitors enter the market, the company can then lower the price to remain competitive.

A Form of Pricing High,what Strategy Is Used for New