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.
Read more about this topic: Price Skimming
Famous quotes containing the words reasons for, reasons and/or price:
“The source of Pyrrhonism comes from failing to distinguish between a demonstration, a proof and a probability. A demonstration supposes that the contradictory idea is impossible; a proof of fact is where all the reasons lead to belief, without there being any pretext for doubt; a probability is where the reasons for belief are stronger than those for doubting.”
—Andrew Michael Ramsay (1686–1743)
“One who is publicly honest about himself ends up by priding himself somewhat on this honesty: for he knows only too well why he is honest—for the same reasons another person prefers illusion and dissimulation.”
—Friedrich Nietzsche (1844–1900)
“Cecil Graham: What is a cynic?
Lord Darlington: A man who knows the price of everything and the value of nothing.”
—Oscar Wilde (1854–1900)