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What is price skimming and Combination? explain with diagram.
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| written 3.5 years ago by |
Solution:
price skimming:
In price skimming, price varies over time. Typically a company starts selling a new product at a relatively high price and then gradually reduces the price as the low price elasticity segment gets satiated. Price skimming is closely related to the concept of yield management.
Price skimming …