price sensitivity

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What is price sensitivity and why should EVERY e-commerce business measure it?

Every e-commerce manager strives (or rather should strive) to boost conversion rates while still keeping margins intact. But let's face it, it's a tricky one. More often than not, you gain one while losing the other. But it doesn't have to be this way. With the awareness of your products' price sensitivity, you can increase conversions without sacrificing your margins, as the author explains.

By |2023-11-17T21:43:47+00:00November 30, 2023|eCommerce Pricing, Pricing Articles|0 Comments

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
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