Question

When Polaroid comes out with a new model in a series, it sets an initial price and then gradually lowers the price. Polaroid is initially using which pricing strategy

Answer 1

Answer:

Price Skimming

Explanation:

Price skimming is a pricing strategy approach where the producer sets the high price due to this it could attract purchased for having the strong desire with related to the product and then it normally decreased the prices to attract another one and so on

So as per the given situation, it is a prime skimming situation