Which of the following is used as pricing policy?
-
A.
labelling -
B.
packaging -
C.
market selection -
D.
market skimming
Correct Answer: Option D
Explanation
Market Skimming Pricing. a pricing approach in which the producer sets a high introductory price to attract buyers with a strong desire for the product and the resources to buy it, and then gradually reduces the price to attract the next and subsequent layers of the market.