Which of the following is used as a pricing policy?
-
A.
Packaging -
B.
Market selection -
C.
Labelling -
D.
Market skimming
Correct Answer: Option D
Explanation
Price Skimming. Price skimming is when you have a very high price that makes your product only accessible upmarket.
Price skimming is typically associated with luxury items and only works if you have a product or service that is highly valuable or perceived as highly valuable.