GfK Price Challenger
GfK PRICE CHALLENGER® determines the optimum price for your product in the competitive environment.
The Price Challenger process:
- Analysis of the consequences of price fluctuation on the marketplace. Including:
- An established brand's total output.
- A cross-section of similar goods or services
- Comprehensive Company Analysis: Allows you to analyze a company’s (or various companies) as a whole, facilitating the evaluation of the demand it creates in contrast to others of its kind.
- Determination of the optimum price threshold for each product.
- Identification of maximum values for particular brands and the balance between volume and value.
- Determination of the price elasticity levels for the different sales outlets and crossed elasticity in products.
- Measurement of transfer/cannibalization between brands and offers.
- Product-specific price optimization
- All simulations are custom made based on the output requirements of each particular client.
GfK Price Challenger
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GfK Price Challenger forms part of the GFK Effective Marketing Process, [learn more...]