Market-skimming pricing and market-penetration

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Explain the difference between market-skimming pricing and market-penetration pricing when it comes to new product pricing? Give an example of a business that uses market-skimming and market-penetration pricing strategies and explain thoroughly these each

  • Provide introduction, body, example and conclusi0n in answering the question
  • explain thoroughly
  • Provide reference in the end
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