Price Sensitivity Factors

Baijnath Pandey (Emcee Pandey)
Baijnath Pandey (Emcee Pandey)Marketing & Communications Specialist at Mindtree
Product Positioning & Pricing
Concerns In Positioning   Price Sensitivity: Factors And
                                      Scope
Price Sensitivity: Factors And Scope


Very Critical Aspect

Helps In Protecting Profitability &

To Become A Better Sales Person
The Customer Experience:
Customer Satisfaction, Brand Loyalty
And Customer Retention Inversely
Related To Price-sensitivity




Customer Involvement:
Active Customers: Less-price Sensitive
Niceties Versus Necessities
Uniqueness Of The Product:

Buyers Less-sensitive To Unique Products
Tough To Justify It For Common Products
Substitutes And Competitors:

The Lesser The No. Of Competitors
and Substitutes, The Lesser The
Impact
Of Price-Sensitivity
Price Sensitivity Factors
Price Sensitivity Factors
Brand Image:

Consumers Switch Between Suppliers Of Gas On The
Basis Of Price;

More Likely To Stay With A Fashion Label Despite
Price Increases.

So, The Higher The Brand Image, The Lesser The
Impact Of Price-sensitivity


Potential Customer’s Spending Power:
Summary:
Bibliography:
Books:
Marketing management: Arun Kumar and N. Meenakshi, 1st Edition
Marketing management: Philip Kotler, 13th Edition

Website:
http://www.tomreillytraining.com/Ezine%207-15-
08%20FiveFactorsAffectPriceSens.htm

http://www.mbanotesworld.in/2009/09/factors-affecting-price-
sensitivity.html
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Price Sensitivity Factors