Skimming pricing strategy approach price setting by taking the highest initial stage at the time of product launching from the customers and with the time they decrease the price of the product.
Price skimming is the price approach in which the maker set high introduction level to attract high income level audience.
After a certain period of time, the price level of the product is decreased to attract the other level of income people or audience.
Thus, Skimming pricing strategy approach price setting by taking the highest initial stage.
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