What is Price Skimming
Price skimming is a price setting strategy that a firm can employ when launching a product or service for the first time. By following this price skimming method and capturing the extra profit a firm is able to recoup its sunk costs quicker as well as profit off of a higher price in the market before new competition enters and lowers the market price. It has become a relatively common practice for managers in new and growing market, introducing prices high and dropping them over time.
How you will benefit
(I) Insights, and validations about the following topics:
Chapter 1: Price skimming
Chapter 2: Monopoly
Chapter 3: Monopolistic competition
Chapter 4: Marketing
Chapter 5: Price discrimination
Chapter 6: Elasticity (economics)
Chapter 7: Cross elasticity of demand
Chapter 8: Pricing
Chapter 9: Market segmentation
Chapter 10: Penetration pricing
Chapter 11: Substitute good
Chapter 12: Market penetration
Chapter 13: Market power
Chapter 14: Non-price competition
Chapter 15: Pricing strategies
Chapter 16: Demand
Chapter 17: Two-sided market
Chapter 18: Two-part tariff
Chapter 19: Premium pricing
Chapter 20: Target market
Chapter 21: Customer cost
(II) Answering the public top questions about price skimming.
(III) Real world examples for the usage of price skimming in many fields.
Who this book is for
Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Price Skimming.