Which of the following is used as a pricing policy?
- Packaging
- Market selection
- Labelling
-
Market skimming
The correct answer is: D
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.