In a skimming price strategy, the organization tends to:
A) set a high price relative to competing products or substitutable services.
B) skim off the high-end customers.
C) set a high price to allocate as much cost to this service line as possible.
D) All of these are correct.

Question

Quizplus · Accepted Answer

Skimming price strategy involves setting a high price initially to target customers willing to pay more, often before lowering the price over time.

In a Skimming Price Strategy, the Organization Tends To