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Price Elasticities: how to use them to steer pricing decisions

ScanmarQED

What is price elasticity? The relationship (correlation) between the price change and the following change in volume sales is what can be expressed in a number: price elasticity. Keep in mind that the price elasticity is not 1 fixed number for a product; at each price point the number may be different. But by how much?

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Explaining Elastic Supply and Demand

Liveintent

This is similar to a problem facing the traditional Publishing Brands we work with (think The New York Times) with regards to their relationship with their email inventory. The post Explaining Elastic Supply and Demand appeared first on LiveIntent Blog. But really, we’ve mimicked the marketplace innovations of the rideshare business.

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How to use pricing analyses to grow your business

ScanmarQED

So far, we’ve talked about the theoretical background of price elasticity in Part 1 : How to use them to steer pricing decisions and the practical side of price elasticity in Part 2 : Practical implementation and best-in-class dashboards. Why do we need more information besides price elasticity?

Pricing 59
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Should Your Brand Voice Stay the Same Across Social Channels?

Contently

If you’re curious about brand voice, the first thing you should do is think about Tom Hanks. Like the personality of a human, your brand has to retain some elasticity to appeal to different people in different places. Your brand may have a central personality, but it needs to be able to convey different tones.

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What Is Cost Plus Pricing? How Do You Use It In Sales?

Salesforce Marketing Cloud

Customers might perceive a lower price — even if it results in a profit — as an indicator of inferior quality, impacting brand perception. Shifts in demand Elastic demand is the relationship between demand and other variables, such as the availability of similar products, advertising pressure, and customer income.

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Margin under pressure: looking for smart software for support

ScanmarQED

The scope for price increases depends on various factors such as brand strength, retail power, and competitive field (more on this later). Factors affecting price elasticity. Manufacturers with brands that focus more on these consumer groups can expect a higher price elasticity for products.

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Data.ai launches new solutions for the app ecosystem

Martech

IAP SKU provides insights into competitor strategies, price elasticity, consumer behavior and effective in-app purchase mechanisms. The aim is to help brands maximize revenue opportunities by giving them an opportunity to benchmark themselves against competitors. Why we care. Get the daily newsletter digital marketers rely on.