Skimming pricing is an especially effective pricing technique in highly competitive markets with many firms offering similar products.

Name: Skimming pricing is an especially effective pricing technique in highly competitive markets with many firms offering similar products.
Brand: Quizplus
Rating: 4.9 (42 reviews)

Question

Quizplus · Accepted Answer

Skimming pricing is more effective in markets with less competition, where a company can set higher initial prices due to unique product features or brand strength, gradually lowering them as competition increases.

Skimming Pricing Is an Especially Effective Pricing Technique in Highly