Answer to Question #234997 in Marketing for haider

Question #234997

Differentiate market penetration n skimming pricing strategies with examples.


1
Expert's answer
2021-09-09T16:35:01-0400

Penetration pricing focuses on a minimal initial price to entice customer base, while skimming is the use of high initial price levels to optimize short-term earnings from the most enthusiastic and intrigued clients.


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