Question: When Apple first released the iPhone, the price was set at a point that some claimed was exorbitantly high.However, the market showed that there were

When Apple first released the iPhone, the price was set at a point that some claimed was exorbitantly high.However, the market showed that there were quite a few customers willing to buy the phone at that price, the company reduced its price over time. What pricing strategy did Apple use in this instance? A) Prestige pricing B) Skimming pricing c) Target pricing D) Price lining E) Penetration pricingyCheck

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