Week 15

Price skimming. After reading this chapter, I remembered all the things that I wanted right when they came out and couldn't get because of price skimming. I think however, that price skimming happens more in the industrial sector, than in the retail sector. I know that TV's and clothing, other electronics, and even restaurant foods can be very expensive when they are first introduced into the market; but, what about machinery that is revolutionary? I remember working in the aerospace industry, and those products I dealt with were extremely expensive and not many other companies had the capacity to do what the company I worked for did. I would say price skimming has occurred there for over 20 years.