price skimming
A pricing technique designed to allow a business to charge each potential customer the most that he or she would be willing pay for a given product or service. The product or service is first offered at the highest price that customers will pay, and the price is incrementally dropped until it reaches a level designed to be viable for the long term.
Popular 'Business' Terms
Related Personal Finance Articles
Loading...
price skimming in the news
Loading...
Enter your email address to get our free Term of the Day newsletter!
price skimming is ...
... part of the Business subject.
Nearby Terms
Search volume for price skimming
Get our content on your iGoogle page
RSS