Which of the Following Strategies Is Involved with Price Skimming

Multiple Choice

Which of the following strategies is involved with price skimming?

A) Setting an initial low price to establish a new product in the market
B) Setting an initial low price to cover new product costs and still generate a profit
C) Setting a limited number of prices for certain categories or products
D) Setting an initial high price to establish a new product in the market
E) Setting an initial high price to cover new product costs and still generate a profit