Lang Industries is introducing a new product and will use price skimming to set the price.Price skimming is
A) the strategy of charging the highest possible price for a product during the introduction stage of its life-cycle.
B) a way for the seller to secretly pocket extra money charged for a product but not recorded on the company books.
C) raising prices above a fair price.
D) a means of increasing competition in order to raise prices even higher.
Correct Answer:
Verified
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