What is Price Skimming

Price skimming is a price setting strategy that a firm can employ when launching a product or service for the first time. By following this price skimming method and capturing the extra profit a firm is able to recoup its sunk costs quicker as well as profit off of a higher price in the market before new competition enters and lowers the market price. It has become a relatively common practice for managers in new and growing market, introducing prices high and dropping them over time.

How you will benefit

(I) Insights, and validations about the following topics:

Chapter 1: Price skimming

Chapter 2: Monopoly

Chapter 3: Monopolistic competition

Chapter 4: Marketing

Chapter 5: Price discrimination

Chapter 6: Elasticity (economics)

Chapter 7: Cross elasticity of demand

Chapter 8: Pricing

Chapter 9: Market segmentation

Chapter 10: Penetration pricing

Chapter 11: Substitute good

Chapter 12: Market penetration

Chapter 13: Market power

Chapter 14: Non-price competition

Chapter 15: Pricing strategies

Chapter 16: Demand

Chapter 17: Two-sided market

Chapter 18: Two-part tariff

Chapter 19: Premium pricing

Chapter 20: Target market

Chapter 21: Customer cost

(II) Answering the public top questions about price skimming.

(III) Real world examples for the usage of price skimming in many fields.

Who this book is for

Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Price Skimming.