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Pricing research during COVID times – extending research shelf life

Turbo
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Environmental changes brought about by COVID-19 introduced disruptions in consumer confidence and have clients worried about doing pricing research. Combining discrete choice with SEM allows manipulation of economic perceptions together with price and portfolio configuration to understand consumer choice. By using Consumer Sentiment Index, we can adjust the index to its future level, allowing for pricing adjustments. As a result, the product and pricing decisions can be made in context of the fluctuating economic climate.

Ula Jones
Archana Venkatraj
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