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Video of The Price Skimming Strategy in E-Marketing Fundamentals course by Alanis Business Academy channel, video No. 22 free certified online
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Subscribe to Alanis Business Academy on YouTube for updates on the latest videos: https://www.youtube.com/alanisbusinessacademy?sub_confirmation1 Price Skimming is a common pricing strategy used for new products. Employing price skimming involves setting a high initial price, which helps a business recover the costs associated with developing and marketing the product. Although price skimming can be used in a variety of industries, it's commonly seen in consumer electronics, including: smartphones, video game consoles, and tablet computers.
Learn more about price skimming, and the conditions that need to exist for this pricing strategy to be effective, in this video.