Define market skimming pricing

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Market skimming pricing:is the practice of initially charging a high price for a new type of product, in an effort to maximize profits before substitutes or imitation products become available.

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Asked 5/1/2012 4:28:37 AM

Updated 5/9/2018 9:11:09 PM

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Edited by yumdrea [5/9/2018 9:11:07 PM]

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yumdrea

Market skimming pricing:is the practice of initially charging a high price for a new type of product, in an effort to maximize profits before substitutes or imitation products become available.

Added 5/9/2018 9:11:09 PM

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