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Price skimming

en.wikipedia.org/wiki/Price_skimming

Price skimming is a pricing strategy in which a marketer sets a relatively high price for a product or service at first, then lowers the price over time. It is a temporal ...

Price Skimming Definition | Investopedia

www.investopedia.com/terms/p/priceskimming.asp

As the demand of the first customers is satisfied, the firm lowers the price to attract another, more price-sensitive segment. Therefore, the skimming strategy gets ...

What Is Price Skimming and Can It Benefit Your Business?

quickbooks.intuit.com/r/pricing-strategy/what-is-price-skimming-and-can-it-benefit-your-business/

Price skimming is a pricing strategy that involves a starting high price, followed by price declines to "skim" more buyers at lower prices. Learn how it works here.

Price Skimming - AccountingTools

www.accountingtools.com/price-skimming

Price skimming is the practice of selling a product at a high price, usually during the introduction of a new product when the demand for it is relatively inelastic.

Price Skimming Definition - Lokad

www.lokad.com/price-skimming-definition

Price skimming can be considered as a form of price discrimination. On the release of a new product, a very high price is set at first in order to maximize profit by ...

How Price Skimming Boosts Modern Pricing Strategies -- The Motley ...

www.fool.com/investing/general/2015/06/24/how-price-skimming-boosts-modern-pricing-strategie.aspx

Jun 24, 2015 ... Investors should be familiar with price skimming. It may at first sound like a shady financial fraud, but price skimming is actually a legit business ...

Price Skimming | Business | tutor2u

www.tutor2u.net/business/reference/price-skimming

Price skimming involves setting a high price before other competitors come into the market.

Pricing Strategies: Price Skimming and Penetration Pricing

www.yourarticlelibrary.com/product-pricing/pricing-strategies-price-skimming-and-penetration-pricing/8788/

To use price skimming strategy there must be customers in the market who value the uniqueness of the product and are ready to pay high price.

Price Skimming: Definition, Examples & Strategy - Video & Lesson ...

study.com/academy/lesson/price-skimming-definition-examples-strategy.html

If you pay close attention to prices at retail stores, you may have witnessed price skimming. In this lesson, you'll learn about price skimming,...

Skimming price - Skimming pricing strategy - Marketing91.com

www.marketing91.com/skimming-price/

Skimming price is used when a product, which is new in the market is sold at a relatively high price because of its uniqueness, benefits and features.

Answer
Price Skimming
A product pricing strategy by which a firm charges the highest initial price that customers will pay. As the demand of the first customers is satisfied, the firm lowers the price to attract another, more price-sensitive segment. Therefore, the skimm... More »
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What Are the Benefits of Skimming Pricing Strategy? | Chron.com

smallbusiness.chron.com

Small business owners price their goods and services using strategies that fit their target markets' budgets. Price skimming is a type of strategy that businesses  ...

What is market skimming pricing? definition and meaning

www.businessdictionary.com

Definition of market skimming pricing: An approach under which a producer sets a high price for a new high-end product (such as an expensive perfume) or a ...

Ride the Demand Curve: Price Skimming and Your Pricing Strategy

www.priceintelligently.com

Nov 19, 2014 ... Let's take a look at the pros and cons of price skimming, a pricing strategy that uses high initial prices to maximize profit margins and revenue.