Business GCSE
Price Skimming
What Price Skimming means in Business GCSE, as defined for OCR.
Definition of Price Skimming
Setting a high initial price for a new product to maximize profit from early adopters.
Topics that use Price Skimming
- Marketing (OCR GCSE)
Related terms
Using Price Skimming in the exam
Definition questions usually carry one or two marks, and examiners look for the precise wording. Write the definition from memory, check it against the version above, and then use the term in a longer answer on the same topic so it sticks.
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