Answer :
Final answer:
Price skimming is a pricing strategy where a firm charges a high, premium price for a new product with the intention of reducing the price in the future. It is used to maximize profits and target early adopters.
Explanation:
The correct answer is price skimming when a firm charges a high, premium price for a new product with the intention of reducing the price in the future. Price skimming is a strategy used to maximize profits by targeting early adopters and capturing their willingness to pay high prices for new products. This pricing strategy allows companies to gradually lower the price to attract more price-sensitive customers over time.
Learn more about pricing strategy here:
https://brainly.com/question/14595156
#SPJ11