What is your favorite technique in determining the validity of a product's price?

How to Answer
Answer Example

Let's start with assessing value. If a product is valuable to its market then it deserves a price. Here's an example of one technique some have found very helpful in this situation:

"Forming a comprehensive pricing strategy through creating a market research study will help you get answers directly from your target audience."

Designing questions that will help you to understand what people are looking for and how much they are willing to pay for a certain product will help you to evaluate if you are selling a product for the best price.

"Forming a comprehensive pricing strategy through creating a market research study will help you get answers directly from your target audience."

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How to Answer: What is your favorite technique in determining the validity of a product's price?

Advice and answer examples written specifically for a Market Research Analyst job interview.

1. What is your favorite technique in determining the validity of a product's price?

How to Answer

Let's start with assessing value. If a product is valuable to its market then it deserves a price. Here's an example of one technique some have found very helpful in this situation:

"Forming a comprehensive pricing strategy through creating a market research study will help you get answers directly from your target audience."

Designing questions that will help you to understand what people are looking for and how much they are willing to pay for a certain product will help you to evaluate if you are selling a product for the best price.

Answer Example

"Forming a comprehensive pricing strategy through creating a market research study will help you get answers directly from your target audience."

Next Question