A skimming price strategy is used to introduce relatively low-priced goods into a market where no "elite" segment exists.

Name: A skimming price strategy is used to introduce relatively low-priced goods into a market where no "elite" segment exists.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A skimming price strategy involves setting high initial prices to target consumers willing to pay more, often used when introducing innovative or unique products to capture the "elite" segment before lowering prices.

A Skimming Price Strategy Is Used to Introduce Relatively Low-Priced