pricing means that the firm charges a high, premium price for its new product with the intention of reducing it in the future in response to market pressures.

Full question:

pricing means that the firm charges a high, premium price for its new product with the intention of reducing it in the future in response to market pressures.

A. Skimming

B. Captive

C. Promo

D. Value

Skimming pricing means that the firm charges a high, premium price for its new product with the intention of reducing it in the future in response to market pressures.

Explanation:

Price skimming is a commodity pricing approach by which a firm prices the most expensive initial price that consumers will spend and then reduces it over time. As the request of the first customers is filled and the race begins the market, the firm reduces the price to pull another part of the population.  

Price skimming is usually practiced when a distinct type of product penetrates the market. The purpose is to collect as much income as feasible while consumer request is high and race has not joined the market.

two years ago, when picking flowers in the mountains back of yosemite valley, i found a book. it was blotted and storm-beaten; all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however; many of the inner pages were well preserved. and although all were more or less stained and torn, whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today; its granite pages have been torn and blurred by the same storms that wasted the castaway book.

two years ago, when picking flowers in the mountains back of yosemite valley; i found a book. it was blotted and storm-beaten, all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however, many of the inner pages were well preserved. and although all were more or less stained and torn; whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today, its granite pages have been torn and blurred by the same storms that wasted the castaway book.