Four Elements For Conducting Price Elasticity Studies

FOUR ELEMENTS FOR CONDUCTING PRICE ELASTICITY STUDIES

Minimum price. Determine the price at which people still trust a product.
Maximum price. Define it to avoid being priced out of the market by competitors.
Optimal price. Ensure realistic profit margins.
Price composition. List the factors that most influence a reasonable price.

Source: ​Staff, 2025, Acertiva​


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