What is price skimming?

Related MCQs

• The skimming, penetration, bargaining and bundling are decided in the of the Marketing Mix strategy.
• Introducing a product at low price and increasing the price once the brand succeeds is known as …………. Pricing.
• ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ price refers to the high initial price charged when a new product is introduced in the market.
• A firm that bases its price on how it thinks the competitors will price, rather than on its own costs or demand, in order to win a contract is most likely using
• The group of elements price, product, promotion and place constitute
• Setting price on the basis of the demand for the product is known as……
• Setting price on the basis of the competition for the product is known as……….
• Razor manufacturer will charge a low price and recoup its margin (and more) from the sale of the only design of blades which fit the razor. This I an example of…………….
• A price reduction to buyers who pay their bills promptly is called.
• ……………………pricing means assigning a low price tag for a product and providing the benefits of low-cost mass production to the customers.