The iPad at its initial launch is an example of price skimming.

Name: The iPad at its initial launch is an example of price skimming.
Brand: Quizplus
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Quizplus · Accepted Answer

Price skimming is a pricing strategy where a company sets a high price for a new product at launch and gradually lowers the price over time. This strategy is usually used for products with a high demand and low supply, which was the case with the iPad at its launch in 2010. The starting price for the iPad was $499, making it an example of price skimming.

The IPad at Its Initial Launch Is an Example of Price