Which pricing strategy did Nike most notably use when launching their first Nike Air Max shoes that revolutionized the athletic footwear market?

In the competitive sports retail market, pricing strategies can make or break a brand's success. High-performance athletic gear requires careful pricing consideration to balance perceived value, manufacturing costs, and market positioning. Test your knowledge about how major sports brands determine their pricing strategies for premium products and what factors influence consumer purchasing decisions in this specialized market.

This is a live public trivia poll on AIPolls.Net. Vote and see real-time results.

Price skimming - initially setting a high price to recover development costs from early adopters before gradually lowering it
Penetration pricing - setting an artificially low initial price to gain market share quickly before competitors could respond
Value-based pricing - setting price points based on consumer perception surveys rather than production costs
Bundle pricing - only offering the Air Max as part of multi-product packages with apparel to increase overall sales volume