Concept:A pricing policy is a method a company uses to set the selling price of its product.
Market skimming is one such pricing policy.
Explanation:Market skimming involves setting a very high initial price for a new or luxury product.
The aim is to attract only customers who are willing to pay a premium price.
These customers are usually in the “upmarket” segment, meaning they have high purchasing power.
The policy is common for products perceived as highly valuable, unique, or exclusive.
Over time, the price may be lowered to reach a wider market.
Packaging, market selection, and labelling do not directly determine the price level.
They are supporting activities, not pricing policies themselves.
Therefore, the correct pricing policy in the list is market skimming.
Answer:D. Market skimming