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Verbatim
Price skimming
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Price skimming is a price setting strategy that a firm can employ when launching a product or service for the first time.
Wikipedia
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![Price Skimming: All You Need To Know [+ Pricing Calculator]](/imgres?imgurl=https://blog.hubspot.com/hubfs/price-skimming-strategy-png.png&imgrefurl=https://blog.hubspot.com/sales/price-skimming-strategy&h=294&w=554&tbnid=lQb-0Ksi-PI5BM&q=Price+skimming&tbnh=71&tbnw=133&usg=AI4_-kSG9J-ahaeDC6PS901wpnxKhLvMNQ&vet=1&docid=kKJ-zATOZpGNMM&sa=X&ved=2ahUKEwifoqeV_tuFAxUrka8BHSx_CVkQ9QF6BAgAEAk)