Pricing strategy is seen as the exact opposite of skimming pricing when introducing a new product. involves setting a high price so that quality-or-status-conscious consumers will be attracted to the product and buy it.
A product is an item offered for sale. Products are services or items. It can be in physical or virtual or cyber forms. All products are made at a price and sold at a price. The price charged varies by market, quality, marketing, and target segment.
Intended for sale, usually produced through an industrial process, or rarely grown or obtained through agriculture. We manufacture a variety of skin care products. The products are so good that they sell themselves.
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