Price ________ involves charging a high price for a product initially, then lowering the price over time.
A)discrimination
B)penetrating
C)predation
D)skimming

Question

Quizplus · Accepted Answer

Skimming is the pricing strategy that involves charging a high price for a product initially to skim the maximum profit before competitors enter the market. Then, over time, the price can be lowered to attract price-sensitive customers.

Price ________ Involves Charging a High Price for a Product