Question

Explain the disadvantages of skimming price method.

Answer 1

Answer:

Disadvantages of Price Skimming

Deterrence: If the firm is unable to justify its high price, consumers may not be willing to purchase the product. ... Consumer loyalty: If a product that costs $1,000 at launch has a follow-on price of $200 in a couple of months, innovators and early adopters may feel ripped off.

Explanation:

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