Price skimming is pricing policy by the producer to sell his
product with initially for high price and then at decreasing rate
over the time.
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Price skimming is setting a high price for an item and then
lowering the price over time. This is used on products that are in
short supply with high demand.
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With a price-skimming strategy, the price is initially set high,
allowing firms to generate maximum profits from customers willing
to pay the high price
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Price skimming is setting a high price for an item and then
lowering the price over time. This is used on products that are in
short supply with high demand.
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Price skimming is a strategy by which the initial price set is
the highest initial price any customers will pay. As those
customers pay those prices, the price lowers to bring in more
customers.