Over time, a skimming policy usually involves
A) price movement up the demand curve.
B) price movement down the demand curve.
C) profit minimization in the market introduction stage.
D) efforts to target the top portion of the demand curve.
E) declining sales and profits.

Question

Quizplus · Accepted Answer

A skimming policy involves initially setting high prices and then gradually lowering them over time, which corresponds to moving down the demand curve as the product becomes more widely adopted and competition increases.

Over Time, a Skimming Policy Usually Involves