Skimming pricing refers to

Multiple Choice

$$ setting the lowest initial price possible when introducing a new or innovative product in order to "skim" sales from competitors.

$$ setting the highest initial price that customers who really desire the product are willing to pay.

setting a low initial price on a new product to appeal immediately to the mass market.

$$ the practice of replacing promotional allowances with higher manufacturer list prices.

$$ setting a high price so that quality$-$ or status$-$conscious consumers will be attracted to the product and buy it$.$

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