Which of the following refers to a strategy of entering the market with a high price and creating a narrow market?

Question

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Skimming is a pricing strategy where a product or service is launched with a high selling price. This price is set purposely to attract the "cream" of consumers who can afford to pay a premium price. This tactic is usually employed when the product or service is innovative and has no close substitutes in the market. The company aims to capture the high-end segment of the market before reducing the price gradually to cater to the medium and low-end market segments.

Which of the Following Refers to a Strategy of Entering