Market skimming price is a high price of a particular product that exist for a period of time depending on the nature of product, its substitute and the demand. The prices is charged with an intention of making the most of the market .
The following conditions are a prerequisite for market skimming pricing-
Exclusivity ( Apple Ipod, Iphone)
Very High Demand of the product
Absence of a substitute or a competitor
Traps to watch out for-
Sales channel of the same product in across different geographical markets
The urge of the consumer to pay and postponement of purchase