Price Sensitivity in a sentence
Synonym: price elasticity. Antonym: inelasticity, rigidity
Meaning: How responsive buyers are to changes in price.
(1) Price sensitivity can vary across different geographic regions.
(2) Price elasticity is a measure of price sensitivity in the market.
(3) Price elasticity is a measure of the price sensitivity of demand.
(4) Price sensitivity can be measured through surveys and consumer feedback.
(5) Price sensitivity can be influenced by promotional offers and discounts.
(6) Price sensitivity can vary across different demographics and target markets.
(7) The pricing strategy was revised in light of the customer's price sensitivity.
(8) Price sensitivity is a key factor in determining consumer purchasing behavior.
(9) Price sensitivity is higher for luxury goods compared to essential commodities.
(10) The demand schedule assists in understanding the price sensitivity of consumers.
Price Sensitivity sentence
(11) Price sensitivity can be influenced by the perceived value of a product or service.
(12) The sample survey included questions about price sensitivity and willingness to pay.
(13) Price sensitivity can be influenced by the perceived fairness of pricing strategies.
(14) Price sensitivity can be higher for products that have readily available substitutes.
(15) Price sensitivity can vary across different geographic regions and cultural contexts.
(16) Price sensitivity is often higher for non-essential items compared to essential goods.
(17) The company lowered its prices to cater to the price sensitivity of its target market.
(18) Understanding price sensitivity can help businesses set competitive pricing strategies.
(19) The segmentation of the market based on price sensitivity can guide pricing strategies.
(20) Price sensitivity plays a significant role in the decision-making process of consumers.
Price Sensitivity make sentence
(21) Price sensitivity can be influenced by factors such as income level and perceived value.
(22) Price sensitivity is often higher for non-essential products compared to essential ones.
(23) Price sensitivity can vary across different demographic groups and geographical regions.
(24) Price sensitivity is a crucial consideration when launching a new product in the market.
(25) Consumers with high price sensitivity are more likely to switch brands for a better deal.
(26) Price sensitivity can be influenced by the perceived quality and uniqueness of a product.
(27) Companies can use price sensitivity data to identify opportunities for price optimization.
(28) Companies can use price sensitivity data to forecast demand and optimize inventory levels.
(29) The company offered promotional discounts to gauge the price sensitivity of its customers.
(30) Price sensitivity is a critical aspect of pricing strategies for both products and services.
Sentence of price sensitivity
(31) Price sensitivity can change over time due to economic conditions and personal circumstances.
(32) Price sensitivity can be influenced by factors such as brand reputation and customer loyalty.
(33) Price sensitivity can be influenced by external factors such as inflation and exchange rates.
(34) Companies can use price sensitivity data to identify pricing thresholds and maximize revenue.
(35) The company conducted a price sensitivity survey to gather insights from its target audience.
(36) Price sensitivity is a key consideration when launching a new product in a competitive market.
(37) The price sensitivity of customers can vary depending on the product or service being offered.
(38) Price sensitivity can be influenced by factors such as income levels and consumer preferences.
(39) Companies can conduct market research to measure price sensitivity among their target audience.
(40) Price sensitivity can be measured using techniques like conjoint analysis and price elasticity.
Price Sensitivity meaningful sentence
(41) Companies can use dynamic pricing strategies to cater to different levels of price sensitivity.
(42) Price sensitivity can be higher for products that are considered luxury or discretionary items.
(43) Price sensitivity can be influenced by the perceived value and quality of a product or service.
(44) Price sensitivity is a crucial factor to consider when setting prices for products or services.
(45) Price sensitivity is an important aspect of consumer behavior that affects purchasing decisions.
(46) Businesses can conduct pricing experiments to determine the price sensitivity of their products.
(47) The company conducted market research to understand price sensitivity among its target audience.
(48) The company adjusted its pricing strategy based on the price sensitivity of its target audience.
(49) The company conducted price sensitivity tests to determine the price elasticity of its products.
(50) Price sensitivity analysis helps businesses identify the optimal pricing point for their products.
Price Sensitivity sentence examples
(51) Price sensitivity can be influenced by external factors such as inflation and economic conditions.
(52) Price sensitivity is an important factor to consider when determining the success of a new product.
(53) Price sensitivity is a key consideration when setting prices for luxury goods and premium services.
(54) Businesses need to strike a balance between profitability and price sensitivity to maximize revenue.
(55) Price sensitivity is a key consideration when determining the optimal pricing strategy for a product.
(56) The demand elasticity of a product can help businesses understand the price sensitivity of consumers.
(57) Companies need to consider price sensitivity when launching new products to ensure market acceptance.
(58) Price sensitivity can fluctuate over time due to changes in consumer preferences and market dynamics.
(59) Price sensitivity is a crucial factor in determining the success of pricing promotions and discounts.
(60) The company conducted a price sensitivity analysis to determine the impact of price changes on sales.
Sentence with price sensitivity
(61) The company implemented a dynamic pricing strategy to cater to different levels of price sensitivity.
(62) Understanding price sensitivity can help businesses identify pricing thresholds and avoid overpricing.
(63) Retailers often adjust their pricing strategies based on the level of price sensitivity in the market.
(64) The price sensitivity of consumers can be influenced by factors such as income levels and brand loyalty.
(65) The company conducted a price sensitivity study to identify the price range that would maximize profits.
(66) Price sensitivity can be influenced by psychological factors such as perceived value and price anchoring.
(67) Price sensitivity can be higher for products that are easily comparable in terms of features and benefits.
(68) Price sensitivity analysis helps businesses understand the price points at which demand starts to decline.
(69) The company offered different pricing tiers to cater to customers with varying levels of price sensitivity.
(70) The company conducted price sensitivity research to identify the optimal pricing structure for its products.
Use price sensitivity in a sentence
(71) Businesses need to be aware of price sensitivity when introducing price increases to avoid customer backlash.
(72) Companies need to conduct regular price sensitivity analyses to stay informed about changing market dynamics.
(73) Understanding price sensitivity helps businesses optimize their pricing strategies for maximum profitability.
(74) Companies often conduct price sensitivity tests to determine the optimal pricing structure for their offerings.
(75) Price sensitivity is an important factor to consider when setting pricing tiers for subscription-based services.
(76) High price sensitivity among customers may require businesses to offer discounts or promotions to attract sales.
(77) Price sensitivity analysis allows businesses to identify pricing thresholds that may trigger customer resistance.
(78) Understanding price sensitivity can help businesses tailor their marketing messages to different customer segments.
(79) Understanding price sensitivity can help businesses make informed pricing decisions and stay competitive in the market.
(80) Price sensitivity can be measured through surveys and experiments to gauge consumer reactions to different price points.
(81) Understanding price sensitivity helps businesses tailor their marketing messages to resonate with their target audience.
(82) Price sensitivity can vary among different customer segments, requiring businesses to adopt targeted pricing approaches.
Price Sensitivity meaning
Price sensitivity refers to the degree to which consumers are responsive to changes in the price of a product or service. It is a crucial concept in marketing and pricing strategies, as understanding the level of price sensitivity can help businesses determine the optimal pricing strategy to maximize profits and attract customers. When using the term "price sensitivity" in a sentence, it is important to provide context and clarity. Here are some tips on how to effectively incorporate this phrase into your writing:
1. Define the term: Begin by providing a brief definition or explanation of what price sensitivity means.
For example, "Price sensitivity, also known as consumer responsiveness to price changes, is a key factor in determining the success of a pricing strategy."
2. Use it in a sentence: Once you have defined the term, use it in a sentence that demonstrates its meaning. For instance, "The company conducted market research to assess the price sensitivity of their target audience before setting the final price for their new product."
3. Provide examples: To further illustrate the concept of price sensitivity, include examples that showcase different levels of responsiveness to price changes.
For example, "Some consumers exhibit high price sensitivity, meaning they are more likely to switch brands or products if the price increases even slightly. On the other hand, others may have low price sensitivity and remain loyal to a brand regardless of price fluctuations."
4. Discuss factors influencing price sensitivity: Elaborate on the various factors that can influence price sensitivity, such as income levels, product differentiation, brand loyalty, and the availability of substitutes. For instance, "Consumers with lower incomes tend to be more price-sensitive, as they have limited disposable income and are more likely to compare prices before making a purchase."
5. Highlight the importance for businesses: Emphasize the significance of understanding price sensitivity for businesses and their pricing strategies.
For example, "By analyzing price sensitivity, companies can determine the optimal pricing strategy that balances profitability with customer demand, ensuring they remain competitive in the market."
6. Address strategies to manage price sensitivity: Discuss strategies that businesses can employ to manage price sensitivity effectively. This could include offering discounts, implementing price bundling, or introducing loyalty programs. For instance, "To mitigate the impact of price sensitivity, companies can offer discounts during off-peak seasons or bundle products together to provide perceived value to customers."
7. Conclude with a summary: Summarize the key points discussed in the article and reiterate the importance of understanding and managing price sensitivity in business.
For example, "
In conclusion, price sensitivity plays a vital role in shaping consumer behavior and influencing pricing strategies. By understanding the factors that drive price sensitivity and implementing appropriate pricing tactics, businesses can optimize their profitability and attract and retain customers." Remember, when using the term "price sensitivity" in a sentence, it is essential to provide clear and concise explanations, examples, and strategies to ensure that the reader fully comprehends the concept and its implications in a business context.
The word usage examples above have been gathered from various sources to reflect current and historical usage of the word Price Sensitivity. They do not represent the opinions of TranslateEN.com.