A(n)_____ is utilized to get back the money invested in creating a new product offering.
A)investment pricing strategy
B)skimming pricing strategy
C)cost-based pricing strategy
D)penetration pricing strategy
E)competitor-based pricing strategy

Question

Quizplus · Accepted Answer

A skimming pricing strategy is often used to recover the initial investment of a new product by setting high prices initially and then gradually lowering them over time. This approach is typically applied to innovative or unique products entering the market.

A(n)_____ Is Utilized to Get Back the Money Invested in Creating