Reasons For Price Skimming
Price skimming occurs in mostly technological markets as firms set a high price during the first stage of the product life cycle. The top segment of the market which are willing to pay the highest price are skimmed of first. When the product enters maturity the price is lowered.
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Famous quotes containing the words reasons for, reasons and/or price:
“With no matter what human being, taken individually, I always find reasons for concluding that sorrow and misfortune do not suit him; either because he seems too mediocre for anything so great, or, on the contrary, too precious to be destroyed.”
—Simone Weil (1909–1943)
“Your reasons at dinner have been sharp and sententious, pleasant without scurrility, witty without affection, audacious without impudency, learned without opinion, and strange without heresy.”
—William Shakespeare (1564–1616)
“How long most people would look at the best book before they would give the price of a large turbot for it?”
—John Ruskin (1819–1900)