Question

People who are considered "innovators" in that they are willing to pay a higher price to obtain a new product or service, would likely not object to a _______ strategy.

Answer 1

Price skimming.This is a method where the marketer charges a very high price on a commodity to discriminate prices.However, after a short time, the consumers are able to give feedback on the product and the company can lower the prices.This has worked very well for many companies and products.