What is skimming strategy example explain with example?
Answers
Answered by
0
Good examples of price skimminginclude innovative electronic products, such as the Apple iPhone and Sony PlayStation 3. ... Price skimming as astrategy cannot last for long, as competitors soon launch rival products which put pressure on the price (e.g. the launch of rival products to the iPhone or iPod)
Answered by
0
Answer:
Price skimming is a pricing strategy that involves setting a high price before other competitors come into the market. ... For example, the Playstation 3 was originally sold at $599 in the US market, but it has been gradually reduced to below $200
Similar questions