Skimming is an effective strategy to use when products are distinctive or have little competition.

Name: Skimming is an effective strategy to use when products are distinctive or have little competition.
Brand: Quizplus
Rating: 4.9 (37 reviews)

Question

Quizplus · Accepted Answer

Skimming is effective for distinctive products or those with little competition because it allows a company to maximize profits by setting higher prices initially, targeting consumers willing to pay more for the novelty or uniqueness of the product.

Skimming Is an Effective Strategy to Use When Products Are