Author: Richard Harrington
Elasticity can be a powerful tool in the kit of a pricer, but used without critical thinking, it can be a very dangerous one, reinforcing bad behavior and even precipitating price wars. While elasticity is a very useful concept, it should be utilized with care for three reasons, as the author explains. Richard Harrington is a Pricing and Value Consultant at Holden Advisors. He can be reached at rharrington@holdenadvisors.com.
The Pricing Advisor, August 2018
When deciding on the price to charge in the market, many companies look to price elasticity— how the volume sold changes with the …Read More