A. Packaging
B. Market selection
C. Labelling
D. Market skimming
Correct Answer:
Option D – Market skimming
Explanation
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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