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How would you determine if the price of X product is truly the deciding factor for the consumer?
User Submitted Interview Answers
1.
If consumer is using only that product and buying again and again.
 
2.
I would take stock of the current market trends and see what is most popular in that line of products and decide if the ones that are winning out are the ones that appeal to their budget or if the product is what is most useful.
 
3.
If customer is only keen for knowing the prices and making evaluation on the price module.
 
4.
If the customer is price conscious and have looking to get something cheaper.
 
5.
Through supply and demand. Check on time to time whether the product is available or not.
 
6.
When slight increase or decrease in price changes it supply.
 
7.
A. I would take stock of the current market trends and see what is most popular in that line of products and decide if the ones that are winning out are the ones that appeal to their budget or if the product is what is most useful. Also If a consumer is using only that product and buying again and again.
 
8.
When even with a slight increase/decrease in the price of the product demand rises/falls.
 
9.
By finding out what the market/going rate is for similar products, then seeing what is offered for that price. If the pricing is similar and the product is not as robust - then it's the product, not price. If the pricing is too high for what can be obtained at a lower price, then we know it's pricing.
 
10.
Slightly changes in price.