Which pricing strategy is adopted by a company that sells its product for #200 when the prevailing market price for same product
is ₦150?
Skimming pricing is a strategy where a high price is set for a product, especially when the product is new in the market or has
unique features. In this case, the company is selling its product at a higher price (₦200) than the prevailing market price (₦150),
which is a characteristic of skimming pricing.
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