Skimming strategy is particularly appropriate in niche markets and where consumers are relatively insensitive to price.

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Skimming strategy involves setting a high price initially and targeting early adopters or loyal customers who are relatively insensitive to price. This strategy is most effective in niche markets where there may be limited competition and consumers are willing to pay a premium for a unique or high-quality product.

Skimming Strategy Is Particularly Appropriate in Niche Markets and Where