Time management is very much important in IIT JAM. The eduncle test series for IIT JAM Mathematical Statistics helped me a lot in this portion. I am very thankful to the test series I bought from eduncle.
Nilanjan Bhowmick AIR 3, CSIR NET (Earth Science) 
		 
			 
			 
			 
			 
			 
			 
			 
			 
			 80 points
 80 points 
			 
 
 
 
             
            

 
                
Anonymous User![best-answer]() 
			
Price skimming is a product pricing strategy by which a firm charges the highest initial price that customers will pay. As the demand of the first customers is satisfied, the firm lowers the price to attract another, more price-sensitive segment