What is a price segment: concept and methods of definition

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Another strategy for saving is to resort to discounts. Here the price factor of demand can be the client's desire:

purchase a product from a well-known brand at a more affordable price;
buy a product of the same quality, spending less money on it;
buy a product at a similar price, but save on additional costs, india mobile database for example, this could be free shipping, etc.
When reducing prices, either as part of one-time promotions or on a permanent basis in the form of a discount, the retailer must find an answer to three questions:

How sensitive is demand for this product to price factors?
Will it be possible to attract customers by expanding the scale of promotions?
How much of an impact will the elimination of promotions and discounts have on demand?

Frequently Asked Questions about Pricing Factors
How to apply price factors of demand in developing a commercial proposal?
Understanding the price factors of demand is important when determining pricing policy and developing a general business development strategy. Accordingly, it is necessary to find the optimal price level in order to stimulate demand for your goods and services, but at the same time ensure an acceptable level of profit.