The pricing strategy in which the seller charges a relatively high price on a new product is called _____.
A) price fixing
B) line pricing
C) penetration pricing
D) price skimming

Question

Quizplus · Accepted Answer

A skimming policy is one in which the seller charges a relatively high price on a new product while a penetration policy is one in which the seller charges a relatively low price on a new product.

The Pricing Strategy in Which the Seller Charges a Relatively