Question
While a skimming price policy involves first trying to sell when prices are at or near their peak, firms will subsequently aim to sell to Blank______.
Multiple choice question.
discount chains
a small number of investors
competing firms
more price-sensitive customers
Multiple choice question.
discount chains
a small number of investors
competing firms
more price-sensitive customers
Answers
GPT-4o mini
The correct answer is **more price-sensitive customers**.
A skimming price policy typically starts by targeting customers who are willing to pay a higher price for a new or innovative product and then gradually lowers the price to attract more price-sensitive customers.
A skimming price policy typically starts by targeting customers who are willing to pay a higher price for a new or innovative product and then gradually lowers the price to attract more price-sensitive customers.