In class, we looked at a Price Skimming strategy. Which of the following is NOT a reason that this approach to pricing works?
a.
Price skimming works when consumers really WANT the product
b.
Price skimming works when there are no current competitors
c.
Price skimming works when we have patent protection on the product
d.
Price skimming works when we have a unique manufacturing process that is difficult to copy
e.
Actually, the above are ALL reasons that Price Skimming can work
Answer: Actually, the above are ALL reasons that Price Skimming can work