Question

What is the differenece between market skimming and market penetration?

Answer 1

Answer:

here Ur Answer

Penetration pricing aims at achieving a greater market share, by offering the product at low prices. ... On the other hand, skimming pricing is used when the demand for the product is inelastic. In case of penetration pricing, the profit margin is low, whereas, in skimming pricing, the profit margin is very high.