Examlex
What are three strategies you can use for creating study notes?
Skimming Pricing
Setting the highest initial price that customers really desiring the product are willing to pay when introducing a new or innovative product.
Highest Initial Price
A pricing strategy where a new product is introduced to the market at a high price before possibly lowering it later based on demand and competition.
Innovative Product
A new or significantly improved product that introduces a novel feature or fulfills a specific need in a new way.
Skimming Pricing
A pricing strategy where a high price is set for a new product to maximize profits from segments willing to pay more, before prices are lowered over time.
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