Price skimming

Noun

Word Frequency: 0.0

Definitions

1.NounA price-setting strategy in which a new product or service is offered at the highest practical price (to capture consumer surplus or exploit a monopolistic position), and that price is then lowered over time.

Synonyms

skimming predatory pricing cream skimming penetration pricing price-lining price gouging price war price floor two-price advertising pricing psychological pricing price discrimination

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