Setting of high price when the product is introduced and gradually lowering its price is called:
Skimming Pricing
Skimming pricing is a new-product strategy in which a firm launches an innovative or premium product at a deliberately high price to skim maximum revenue from early adopters who are willing to pay more.
As the market saturates at the top and competition emerges, the price is gradually reduced to attract more price-sensitive segments. Prestige pricing keeps the price permanently high to signal status, price lining offers products at a limited set of preset price points and value pricing offers strong quality at a modest, stable price, so none of these matches the described pattern.
Hence, the correct answer is Skimming Pricing.
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Important Questions from Mixed Topic (MH-SET)
.................... is a client server application that identifies each host on the internet with a unique user-friendly name.
Every OS has a ................ or .......... which primarily resides in the main memory of the computer to perform some of the basic functions of the OS.
(i) Kernel
(ii) Interface
(iii) Nucleus
(iv) Compiler
Codes:
Which of the following are referred to as low level language?
(i) Machine language
(ii) Assembly language
(iii) High level language
(iv) Natural language
Codes:
Match the following:
List I List II (a) New York Public Library (i) Shelv AR (b) Miami University Augmented Research Group (ii) Smart library (c) Oula University Library (iii) Wolf Walk (d) North Carolina State University (iv) Find the future Codes:
Which part of the QR code represents the encoded data?
