Answer:
skimming pricing strategy
Explanation:
Skimming pricing strategy -
It is a the pricing strategy , where the company or any business keeps the price of any product high , and with time reduces the price of the product , is referred to as skimming pricing strategy .
In the initial stage as the product is launched in the market , the demand for the product is higher , and therefore , the company ask for higher price ,
But ,
As the time passes , the demand for the product reduces , and hence to maintain the profit margin , the company reduces the price of the product .
Hence , from the given information of the question ,
The correct answer is skimming pricing strategy .
