Question:medium

'Price skimming' is used :

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Think of Skimming as “skimming the cream” off the top of the market. It is highly effective for revolutionary products (like new smartphones or high-end electronics) where customers are willing to pay a premium for novelty and status.
Updated On: Jun 18, 2026
  • for a limited duration to recover most of the investment made to build the product.
  • to attract new customers and increase market share or sales volume.
  • for products and services where dickering over the price of goods is considered the norm.
  • to cover the cost of producing a product plus a reasonable profit.
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The Correct Option is A

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