The process of setting an inflated cost to attract consumers. Once the need for the product has diminished, the company will bring the cost back down to the regular value of the product.
Related information about skimming price:
- Price skimming - Wikipedia, the free encyclopedia
Price skimming is a pricing strategy in which a marketer sets a relatively high price for a product or service at first, then lowers the price over time. It is a temporal ...
- What is skimming price? definition and meaning
Definition of skimming price: High price aimed at higher income groups for luxury or status goods, or at extracting maximum returns from a market for a new ...
- When Is Skimming Price Strategy A Good Idea? | Ordoro Blog
Jun 22, 2012 ... Apple has executed the skimming pricing strategy with great results. Each time the company – and most other tech firms – introduce a new ...
- Price Skimming
Price Skimming Strategies. A skim strategy is a radically different approach from penetration pricing. When skimming, a company initially sets a relatively high ...
- What is Price Skimming?
Quantcast. strategy strategy equilibrium pricing market marketing pricing market skimming skimming pricing skimming price skimming product price price.
- Price skimming: Definition from Answers.com
Help us answer these. What is skimming price? Is Google using price skimming? What are two problems of price skimming? How does a price skimming strategy ...
- Price Skimming financial definition of Price Skimming. Price ...
The practice of a company offering a new product and charging a high price at first, but gradually reducing it before competitors begin to sell similar products.
- Penetration Vs Skimming Pricing Strategy :: Economics Pricing ...
The decision about how high a skimming price should be depends on two factors : (a) the probability of competitors entering the market and (b) price elasticity at ...