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Which of the following best describes the pricing policy known as 'skimming'?
Suggested Answer: A
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28 comments · newest first
BR
Brendan
11 months ago
Really? I always thought it was about matching competitors' prices.
DA
Danilo
11 months ago
Nope, it's definitely about high pricing.
GA
Gabriele
12 months ago
I thought skimming meant low prices to attract buyers?
DI
Dino
12 months ago
Totally agree, C is the right answer!
AS
Ashlee
1 year ago
Skimming is all about high prices to recover costs quickly.
JU
Judy
1 year ago
I thought skimming was more about competitive pricing, but now I’m questioning if that’s really what D means.
JU
Justine
1 year ago
I’m not entirely sure, but I feel like skimming has something to do with maximizing profits at launch, which sounds like C again.
LY
Lynda
1 year ago
I remember practicing a question like this, and I think skimming is definitely not about low prices, so A seems wrong.
AN
Annmarie
1 year ago
I think skimming is about setting a high price initially to recover costs quickly, so I’m leaning towards C.
DE
Deandrea
1 year ago
I'm a little confused by the wording of these options. I know 'skimming' has something to do with pricing, but I'm not sure which one fits best. I'll have to think about this one a bit more.
ME
Mertie
1 year ago
Okay, let me think this through. 'Skimming' is when you set a high price to recover costs quickly, right? I'm pretty confident that's the right answer, so I'll select C.
SE
Selma
1 year ago
Hmm, I'm not totally sure about this one. The options seem a bit similar, but I think 'skimming' refers to setting a high initial price, so I'll go with C.
KA
Kallie
1 year ago
I think this is a pretty straightforward question. The pricing policy of 'skimming' is clearly described as a high price aimed at quick cost recovery, so I'll go with option C.
TA
Tarra
2 years ago
B seems like the clear winner here. Skimming is the pricing strategy of choice for anyone who's feeling a bit 'creme de la creme' about their new product.
ME
Melinda
2 years ago
Yeah, setting a high price for a new innovative product makes sense to quickly recover costs.
AL
Alica
2 years ago
I agree, option B is definitely the best description of skimming.
CA
Casandra
2 years ago
Hmm, I'm going with B as well. Skimming is like the corporate version of 'the early bird catches the worm'.
CH
Chan
2 years ago
Well, skimming is about setting a high price for a new product to recover costs quickly, so I still think it's B.
CH
Charlene
2 years ago
I think B is the right answer. Skimming allows you to maximize profits in the short-term before competitors can undercut you.
EL
Elenora
2 years ago
It's a good strategy for new and innovative products.
DE
Denae
2 years ago
That's true, it helps in recovering costs quickly.
HO
Hollis
2 years ago
Skimming is all about setting a high price initially.
WI
Wilda
2 years ago
I agree, option B is the correct answer.
OZ
Ozell
2 years ago
Definitely B. Skimming is all about charging a premium price to recoup your costs quickly when you've got a new and innovative product on your hands.
GE
Georgiana
2 years ago
I agree with you, it's definitely B. Skimming is all about recovering costs quickly with a high price for a new product.
DE
Derrick
2 years ago
I think it's actually A. Skimming is about setting a low price to gain a large market share.
GA
Gail
2 years ago
I disagree, I believe it's A.
CH
Chan
2 years ago
I think the answer is B.