Skimming pricing – Condo for rent in Singapore
In skimming pricing, the organisation sets an initial high price and then slowly lowers the price to make the product available to a wider market. The objective is to skim profits of the market layer by layer. For example, a games console company reduces the price of their console over 5 years, charging a premium at launch and lowest price near the end of its life cycle. This pricing strategy is not so applicable to real estate because real estate has very long product life cycle. Condo for rent in Singapore.
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