What are the conditions under which market skimming makes sense?

      

What are the conditions under which market skimming makes sense?

  

Answers


Lellah
1. The product's quality and image must support its higher price, and enough buyers must want the product at that price.
2. The costs of producing a smaller volume cannot be so high that they cancel the advantage of charging more.
3. Competitors should not be able to enter the market easily and undercut the high price.

Lellah answered the question on November 5, 2021 at 12:47


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