3M is a master of the __________ pricing strategy.According to a 3M manager,"We hit fast,price high,and get the heck out when the me-too products pour in."

Question

Quizplus · Accepted Answer

The statement "We hit fast, price high, and get the heck out when the me-too products pour in" refers to a skimming pricing strategy, where a company sets a high price for a new product and then gradually lowers the price over time as competitors enter the market.

3M Is a Master of the __________ Pricing Strategy