price skimming
Definition
Use price skimming in a sentence
“ You need to make sure that you are never accused of any price skimming so that you do not get a bad reputation. ”
“ He practiced price skimming and we all laughed at him a lot because we felt like he didn't need to do it at all. ”
“ To maximize their profits, many companies participate in price skimming to elicit the highest price their customers would be willing to pay. ”