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One example would begasoline. If Someone thought that the price of the gas at the gas station was too high, the might be reluctant whenthinkingabout whether they should buy it or not. If it isn't too high, it will increase the odds of the purchase.
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∙ 11y ago
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What can a company do to decrease price sensitivity?
The main thing that a company does to reduce price sensitivity is advertising to create branding. The brand name is more likely to be able to charge a higher price for the same item, decreasing price sensitivity.
Meaning of elasticity?
It measures the sensitivity of one variable with respect to another, e.g. own price elasticity of demand measures the sensitivity of demand for a commodity with respect to its own price.
The sensitivity of the change in quantity consumed of one good to a change in the price of a related good is called?
Cross-price elasticity.
What are examples of shadow price and dual price?
I do not know, you tell me first.
What are the examples of perfectly inelastic demand?
as quantity is totally unresponsive of price, consumer has no alternative in perfectly inelastic demand, he will pay any price for it. examples are air, water, electricity etc.
What can a company do to decrease price sensitivity?
The main thing that a company does to reduce price sensitivity is advertising to create branding. The brand name is more likely to be able to charge a higher price for the same item, decreasing price sensitivity.
What are examples of sensitization?
there is no sensitivity in this world
What is low price sensitivity?
low price sensitivity means a variation in a demand for a product is not more or does not vary much according to variation in the price , depending on the factors that impact demand eg- necessary goods medicine .
Meaning of elasticity?
It measures the sensitivity of one variable with respect to another, e.g. own price elasticity of demand measures the sensitivity of demand for a commodity with respect to its own price.
Customers are showing greater price sensitivity in their search for?
value
The sensitivity of the change in quantity consumed of one good to a change in the price of a related good is called?
Cross-price elasticity.
What is product sensitivity?
A product that when it's price is changed results in a bigger change in demand
What are greek letters in options?
Greek letters in options or what are known as Options Greeks are the mathematical parameters used in pricing an option and to determine the characteristics of an option. The greek letters are:1. Delta : sensitivity of an option's price to changes in the price of the underlying asset.2. Gamma : rate of change of an option's delta to changes in moneyness.3. Theta : rate of decay of premium per day4. Rho : sensitivity of an option's price to changes in risk free interest rate5. Vega : sensitivity of an option's price to changes in implied volatility
What is the influence of branding on price sensitivity?
The main purpose of branding products is to create relatively inelastic demand for the product
What are examples of shadow price and dual price?
I do not know, you tell me first.
Which characteristic is shown when a person smells a gas in the air?
Sensitivity
What is sociocultural sensitivity?
what is socio -cultural sensitivity
