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JAMB - Commerce (2016 - No. 23)

The pricing policy that seeks to set prices relatively high in order to attract the wealthy segment of the market is
target return pricing
market skimming
variable pricing
market penetration

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Market Skimming Pricing. a pricing approach in which the producer sets a high introductory price to attract buyers with a strong desire for the product and the resources to buy it, and then gradually reduces the price to attract the next and subsequent layers of the market.

 

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