Conduct a pricing sensitivity analysis for {{product_feature}}. Current pricing: {{current_price}} Target market: {{market_segment}} Competitor range: {{competitor_pricing}} Analysis framework: 1. VAN WESTENDORP PRICE SENSITIVITY - At what price is this too cheap (quality concerns)? - At what price is this a bargain? - At what price is this getting expensive? - At what price is this too expensive? 2. PRICE ELASTICITY ESTIMATION - How would demand change at +20%? - How would demand change at -20%? - What is the estimated elasticity coefficient? 3. VALUE-BASED PRICING ANALYSIS - What problem does this solve? - What is the cost of the problem? - What is fair value capture (10-20% of value created)? 4. COMPETITIVE POSITIONING - Where do we sit vs alternatives? - What premium/discount is justified? - What is the reference price customers expect? 5. RECOMMENDATION - Optimal price point - Pricing model (flat/tiered/usage) - Testing approach
Product Pricing Sensitivity Analysis
Analyze pricing sensitivity using multiple frameworks
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Optimize pricingUnderstand price sensitivitySet competitive prices
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gpt-4claude-3
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