Skimming Dictionary Thesaurus Idioms Encyclopedia Wikipedia Related to Skimming:Price skimming 1. The act of stealing a person'scredit cardinformation on an electronic device and transferring the information to a different card. It may occur during a normal businesstransaction. For example, if one uses...
Price skimming is a pricing strategy in which a company starts by charging the highest price that customers will pay. Over time, the company lowers the price to reach different types of customers. Initially, the high price targets early adopters willing to pay more for a new product. As thes...
The price skimming business definition relates to the adjustment of market prices by a supplier. A skimming pricing strategy is defined as the process of periodically reducing a product's price in phases. During these phases, a supplier would start by charging the highest possible price for a pr...
Dean J, “Pricing policies for new products”, Harvard business review, 1976 Gebhart G. F., “Price skimming paradoxes”, Avances in consumer research, 2006 Spann M., Fischer M. & Tellis G. J., “Skimming or penetration? Strategic dynamic pricing for new products”, 2014...
To learn more about how to squeeze as much money as you can out of something, review the corresponding lesson called Price Skimming: Definition, Examples & Strategy. This lesson will help you: Understand what price skimming is Describe the purpose behind such a pricing strategy ...
Price skimming is a strategy used for product pricing in which the company charges the highest possible price initially and then eventually brings down the price over time for targeting more price-sensitive customers.
Definition of Skimming Pricing in the Financial Dictionary - by Free online English dictionary and encyclopedia. What is Skimming Pricing? Meaning of Skimming Pricing as a finance term. What does Skimming Pricing mean in finance?