skim-the cream pricing
Hi.Can you help?
The skimming strategy involves setting a high initial price for a new product to appeal to the high-income segment of a particular market. The idea is usually to lower the price later on when competitors have 1) moved in or when it is desired 2) to tap the lower and of the market.
1) "move in" means that the competitors are within the market and not outside, does it?
2) "the lower and of the market" -what does it mean
Re: skim-the cream pricing
1 competitors enter the market trying to get your market share
2 It should be 'lower end', and is the cheaper end of the market
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