What is skim the cream pricing?
What is skim the cream pricing? Skim pricing, also known as price skimming, is a pricing strategy that sets new product prices high and subsequently lowers them as competitors enter the market.
What pricing strategy is illegal?
What Is Predatory Pricing? Predatory pricing is the illegal business practice of setting prices for a product unrealistically low in order to eliminate the competition. Predatory pricing violates antitrust laws, as its goal is to create a monopoly.