which of the following is true about pricing? skimming pricing involves setting a low price to introduce a…

which of the following is true about pricing? skimming pricing involves setting a low price to introduce a product and to gain consumer interest. the need for specialized research and development can increase the price of a product. convenience goods are most suitable for a skimming pricing strategy. penetration pricing involves setting a high price for a new product to gain market share.

which of the following is true about pricing? skimming pricing involves setting a low price to introduce a product and to gain consumer interest. the need for specialized research and development can increase the price of a product. convenience goods are most suitable for a skimming pricing strategy. penetration pricing involves setting a high price for a new product to gain market share.

Answer

Brief Explanations:

Skimming pricing sets a high - initial price, not low. Penetration pricing sets a low price to gain market share. Convenience goods are not typically suited for skimming. Specialized R&D costs can be factored into a product's price, increasing it.

Answer:

The need for specialized research and development can increase the price of a product.