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
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 ...
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 ...
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.
Mar 21, 2013 ... A price skimming strategy focuses on maximizing profits by charging a high price
for early adopters of a new product, then gradually lowering ...
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.
Price skimming involves setting a high price before other competitors come into
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 ...
Jun 10, 2014 ... DESCRIBE WHAT PRICE SKIMMING STRATEGY IS.
Oct 30, 2014 ... 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 ...