(economics, derogatory) The business practice of providing a product or service only to high-value or low-cost customers, while disregarding clients that are less profitable for the company.

(petroleum mining) An open air pit into which a mixture of oil and water is pumped and left to separate so that the oil can be extracted.

plural of skim pit

(business) A price-setting strategy in which a new product or service is offered at the highest practical price (to capture consumer surplus or exploit a monopolistic position), and that price is then lowered over time.

present participle of cream-skim

Third-person singular simple present indicative form of cream-skim

Alternative form of cream-skim

(business, derogatory) To provide a product or service only to high-value or low-cost customers, while disregarding clients that are less profitable for the company.