When introducing a new product in which it is not clear as to what price to charge initially, price skimming may be a good idea.

Name: When introducing a new product in which it is not clear as to what price to charge initially, price skimming may be a good idea.
Brand: Quizplus
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Question

​When introducing a new product in which it is not clear as to what price to charge initially, price skimming may be a good idea.

Quizplus · Accepted Answer

Price skimming involves setting a high initial price and gradually lowering it, allowing a company to maximize profits from different customer segments willing to pay different prices.

​When Introducing a New Product in Which It Is Not

When Introducing a New Product in Which It Is Not