Explain the Concept of Price Skimming

question 30

Essay

Explain the concept of price skimming.

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Definitions:

Selection Device

A tool or instrument used by organizations to assess and choose candidates based on their qualifications and suitability for a particular job.

Highly Trained Professionals

Individuals who have undergone extensive education and training in their field, possessing specialized knowledge and skills.

Interviewers

Individuals who conduct interviews, typically to assess job candidates, gather information, or for research purposes, requiring skills in questioning and communication.

Personal Biases

The inclination or prejudice for or against one person or group, especially in a way considered to be unfair.