At which stage of a prototypical product life cycle do sales peak?

Group of answer choices

Maturity

Introduction

Product development

Growth

Decline

111 pts

When a company uses this pricing technique for its new product, the company starts by charging higher price to a small group of excited consumers, charge lower price to the next group in line, charge lower to the next group, ...

What is this pricing technique for new product?

Group of answer choices

penetration pricing

skimming pricing

product bundle pricing

seasonal discount

captive-product pricing