Price Sensitivity

Article archives from the Pricing Pricing Society

Understanding the Global Price-Sensitive Consumer

With most of the global economy struggling to recover from the COVID-19 crisis, one would expect households to be tightening their budgets. But how thrifty are consumers when faced with an actual buying decision? In particular, how attentive are they to the price tag? And are they always likely to go for the cheapest option or only under certain circumstances?

By |2022-03-18T19:28:45+00:00December 31, 2021|Price Sensitivity, Pricing Articles|0 Comments

Why Businesses Should Lower Prices During Natural Disasters

Price gouging during times of natural or economic disaster has been a common tactic for bringing demand in line with supply. However, social media has begun to change this trend, as many companies who appear to be taking advantage of demand have been publicly shamed. In this article, the author explores your pricing strategy and how your prices affect customers during their times of need; these are integral components of your company’s brand.

Go to Top