That the Target Group is Willing

Template to Design Your Pricing Strategy [free Download] What is the Van Westendorp Method? A Company Uses the Van Westendorp Method to Determine an Optimal Price . The Decisive Factors Are Consumers' Willingness to Pay and Price Sensitivity. The Company Measures This Against the Upper Price Limit and the Lower Price Limit . What is Price Sensitivity? Price Sensitivity − Price Sensitivity Meter.

Related to the Price to Pay to Buy a Product or Use a Service. What Factors Influence the Price Sensitivity Meter? The Demand for a Product C Level Contact List Depends on Two Specific Criteria. These Are the Quality and Price That the Provider Estimates for This Product. Companies Can Use the Van Westendorp Method to Determine Price Sensitivity. In Addition, the Price Sensitivity Meter Depends on the Following Factors : the Uniqueness of the Product a Product or Service That is Different From What Competitors Offer and is Also of High Quality Stimulates Demand.

       

In Terms of Price Sensitivity, the Company Can Also Charge a Higher Price Without Reducing Demand. The Effort Involved in Purchasing the Less Effort the Buyer Has to Make When Purchasing a Product or Service, the Higher the Willingness to Accept the Offer. Therefore, a Company's Service Plays a Crucial Role in Determining Price Sensitivity. The Rating of the Respondents if a Company Conducts a Market Survey After Introducing a Product or Service.