Because it denotes a high price relative to the prices of competing products,______ is sometimes called a "market-plus" approach to pricing.
A) price skimming
B) price fixing
C) status quo pricing
D) bait-and-switch pricing

Question

Quizplus · Accepted Answer

Price skimming is a strategy where a high price is set initially and then gradually lowered, often used to maximize profits from segments willing to pay more before targeting more price-sensitive customers.

Because It Denotes a High Price Relative to the Prices