Which of the following is used as a pricing policy?
...Which of the following is used as a pricing policy?
Packaging
Market selection
Labelling
Market skimming
Correct answer is D
Price Skimming. Price skimming is when you have a very high price that makes your product only accessible upmarket.
Price skimming is typically associated with luxury items and only works if you have a product or service that is highly valuable or perceived as highly valuable.
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