Which of the following is used as pricing policy?
...Which of the following is used as pricing policy?
labelling
packaging
market selection
market skimming
Correct answer is D
Market Skimming Pricing. a pricing approach in which the producer sets a high introductory price to attract buyers with a strong desire for the product and the resources to buy it, and then gradually reduces the price to attract the next and subsequent layers of the market.
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