Controlling demand for a new product through the skimming strategy could save a company from dissatisfied customers by matching supply to the demand.

Name: Controlling demand for a new product through the skimming strategy could save a company from dissatisfied customers by matching supply to the demand.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The skimming strategy involves setting high initial prices to limit demand to the level of supply, thereby reducing the risk of stockouts and customer dissatisfaction.

Controlling Demand for a New Product Through the Skimming Strategy