Augusta
VIP Contributor
Business owners are always looking for good strategies to adopt that will help that sell their products and services to aid them compete favourably in the already saturated market. one of such strategy that is always adopted is the price skimming strategy
Price skimming is all about product pricing strategy where a company charges the highest initial price that customers will pay for offerings and the company will lowers the price over time. This strategy works this way as the demand of the first customers is satisfied and the business start experiencing competition In the market, the company will then reduce the price to attract other customers which are more price-sensitive buyers
Price skimming is all about product pricing strategy where a company charges the highest initial price that customers will pay for offerings and the company will lowers the price over time. This strategy works this way as the demand of the first customers is satisfied and the business start experiencing competition In the market, the company will then reduce the price to attract other customers which are more price-sensitive buyers
