Lang Industries is presenting a new product and will use price skimming to set the price. Price skimming is developing an originally high price to cover new.
Price skimming samples are mostly seen among tech giants, like Apple, Sony, and other businesses that develop new technologies that they know are high in the order.
Skim pricing, also understood as price skimming is a pricing strategy that sets new product expenses high and subsequently lowers them as competitors enter the market. Skim pricing is contrary to penetration pricing, which prices newly established products low to build a big customer base at the outset.
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