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2 September, 16:03

The strategy of charging the highest possible price for a product during the introduction stage of its life-cycle is known as

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  1. 2 September, 18:50
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    The answer to this question is price skimming. Price skimming is a pricing strategy where in business owners set a price in the beginning or launching of a product in a high rate then over time they will lower the product / services price. The advantage of using a price skimming strategy is that the company / business can recover the development and research cost when the product is being developed.
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