What results can be expected if Hydro Supreme Ltd.uses a price skimming strategy to price its new revolutionary irrigation systems?
A)Large profits may be earned on each sale.
B)It may generate a lot of consumer interest,but very low profits.
C)It permits the company to gain entrance into a market and then later adjust the price to a more realistic figure.
D)It generates a lot of consumer interest.
E)It will increase Hydro Supreme's market share.

Question

Quizplus · Accepted Answer

Price skimming involves setting a high initial price to maximize profits from early adopters willing to pay more, leading to large profits on each sale.

What Results Can Be Expected If Hydro Supreme Ltd