Market skimming pricing is where products are offered at a high price in an effort to rapidly recover costs.

Name: Market skimming pricing is where products are offered at a high price in an effort to rapidly recover costs.
Brand: Quizplus
Rating: 4.8 (65 reviews)

Question

Quizplus · Accepted Answer

Market skimming pricing involves setting a high price for a product in order to profit from early adopters or customers willing to pay a premium. This can help a company quickly recover costs and generate profits before competitors enter the market or prices are lowered.

Market Skimming Pricing Is Where Products Are Offered at a High