Answer :
Final answer:
Skimming pricing involves charging a high price for a product to create the perception of high quality. The correct answer is B) Skimming pricing.
Explanation:
Charging a high price for a product to create the impression that it is of superior quality is known as "skimming pricing." This strategy is often used when a new product is introduced to the market and targets a smaller segment of customers who are willing to pay a premium price.
An example of skimming pricing can be seen in the tech industry, where companies release new smartphones at a high initial price to attract early adopters and then gradually reduce the price over time to reach a wider customer base.