Price skimming methods • English Conversation Questions

What is price skimming and how does it differ from other pricing strategies?
What are some industries or products where price skimming is commonly used?
What are the advantages and disadvantages of implementing price skimming?
How does price skimming contribute to a company’s revenue and profit margins?
What factors should companies consider when deciding to implement price skimming?
How do consumers respond to price skimming strategies?
Are there any ethical considerations associated with price skimming?
What are the potential long-term effects of price skimming on a company’s market position?
What role does product differentiation play in price skimming?
Can price skimming be an effective strategy in competitive markets?
How does price skimming compare to other pricing strategies, such as penetration pricing or value-based pricing?