Companies thus use a skimming strategy price the product above ...

[WhattoUnderstand]

Companies thus use a skimming strategy price the product above that of competitors, when competition is minimal.
 
 Indicate whether the statement is true or false

Question 2

Ideas cannot be described as innovations.
 
 Indicate whether the statement is true or false

[scottmt]

Answer to Question 1

T
Companies thus use a skimming strategy price the product above that of competitors, when competition is minimal. In general, consumers responding to skimming strategies are more concerned with quality, uniqueness, and status, rather than price.

Answer to Question 2

False

[WhattoUnderstand]

Thanks for the timely response, appreciate it

[scikid]

YES! Correct, THANKS for helping me on my review