Asked by
Everything is Possible
on Oct 30, 2024
Verified
A form of pricing high,what strategy is used for new products that have no competition?
A) customer-led pricing
B) competition-led pricing
C) skimming
D) loss-leader pricing
Skimming
A high pricing strategy, generally used for new products or services that face very little or even no competition.
No Competition
A market condition or business scenario where a company faces little to no competition in its industry or for its products.
- Understand the function of pricing strategies in realizing business goals.
Verified Answer
GA
Learning Objectives
- Understand the function of pricing strategies in realizing business goals.
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