answersLogoWhite

0


Best Answer

It is most often used in new products so it can set a high price as the product is new and in demand the advantage being then that they would have spent alot of money in research and development of the product so they are making back as much money as possible whilst the product is unique before others start copying. When similar products aré brought out then they would have to compete (compititor bases pricing) in peder to make sales.

User Avatar

Wiki User

13y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Advantages of using skimming pricing strategy?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is KFC's pricing strategy?

KFC pricing strategy is a market skimming , KFC globally enters the market using market skimming. Their products are priced high and target the middle to upper class people. Gradually they trickle down the prices focusing on the middle to lower class people top nitrate both sides of the market.


What are the advantages to using a Cox webmail account?

The features of Cox webmail accounts are similar to those offered by other providers. Therefore, the only real advantage is to be found in their pricing structure.


What is meant by retrograde pricing?

Using retrograde pricing helps to determine if exporting a product will be profitable or not.


What are the advantages of using SWOT analysis within a business?

U can always know what are ur S W O T . it is the basic step of any business strategy.


What are the advantages of using ict for a leaflet?

advantages of using ICT


Can you give a sentence using the word strategy?

The army always has a strategy! or... The game of chess requires strategy!


Advantages of using Sat Nav?

what is the advantages of using a sat nav.


What are advantages and disadvantages of using a heligimbal?

what are the advantages and disadvantages of using a heligimbal


What are the advantages of using HSBC Auto for repairs?

HSBC Auto offers competitive pricing and twelve months of guaranteed repairs. Another advantage is that they include roadside assistance and 24-hour accident and recovery service.


What are the disadvantages of questioning as a teaching strategy?

disavantage of using question as a teaching strategy


How do you remove oil spills besides using skimming equipment?

you can burn it and don't worry about the money going down the drain


What reading strategy is she using?

Predicting.