Marketing · Marketing Management
Which of the following pricing strategies is most appropriate when a firm sets a high initial price for a new innovative product and gradually reduces it over time?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Skimming pricing✓
- 2Psychological pricing
- 3Competitive pricing
- 4Penetration pricing
Correct answer
Skimming pricing
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