Skimming pricing refers to

Group of answer choices

setting the lowest initial price possible when introducing a new or innovative product in order to "skim" sales from competitors.

setting the highest initial price that customers who really desire the product are willing to pay.

setting a low initial price on a new product to appeal immediately to the mass market.

the practice of replacing promotional allowances with higher manufacturer list prices.

setting a high price so that quality$-$ or status$-$conscious consumers will be attracted to the product and buy i