Ans the question correctly

Question 20 (1 point) Company XYZ wants to utilize a pricing strategy called "price skimming". What would be their best approach to implement this strategy? O a) Using a low price with the hopes a large volume of customers will purchase the product. ( b) Using a high price when the product enters the market, with the hopes of maximizing revenue early. c) Using a price similar to the competition to ensure they remain competitive. d) Using a price which is high enough to cover their margin and operating expenses