Price skimming
id:
price-skimming-173-19030964
title:
Price skimming
text:
Price skimming is a price setting strategy that a firm can employ when launching a product or service for the first time. By following this price skimming method and capturing the extra profit a firm is able to recoup its sunk costs quicker as well as profit off of a higher price in the market before new competition enters and lowers the market price. It has become a relatively common practice for managers in new and growing market, introducing prices high and dropping them over time. Price skim
brand slug:
wiki
category slug:
encyclopedia
description:
Price setting strategy
original url:
https://en.wikipedia.org/wiki/Price_skimming
date created:
2003-07-01T01:59:06Z
date modified:
2024-09-02T12:57:46Z
main entity:
{"identifier":"Q332179","url":"https://www.wikidata.org/entity/Q332179"}
image:
fields total:
13
integrity:
15