Economics B A-Level
Price skimming
What Price skimming means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Price skimming
Check what you remember
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Reference: Pearson Edexcel
Setting a high initial price for an innovative product to maximise short-term revenue before rivals enter.
Topics that use Price skimming
- Competing on price (Pearson Edexcel A-Level)
Related terms
- Cost-plus pricing
- Market competition
- Price elasticity of demand
- Pricing strategies
- Product life cycle
- Penetration pricing
- Predatory pricing
Using Price skimming in the exam
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