What pricing objective(s) is a skimming pricing policy most likely implementing? Is the same true for a penetration pricing policy? Which policy is probably most appropriate for each of the following products:

(a) a new type of home lawn-sprinkling system,

(b) a skin patch drug to help smokers quit,

(c) a DVD of a best-selling movie, and

(d) a new children’s toy?

AppendixLO1