China is a very large booming
market, every day there are many new
products launched, new customers
appeared, and new market developed.
So pricing research is very
important.
Overall, CPResearch pricing research
are able to help reach the following
objectives:
Pricing Research
To find the most highly accepted
price range for a brand, and predict
the market size
To analyze the acceptance level of
different price points for a brand,
and predict the market size
To analyze the relationship between
product attributes, price changes,
and demand.
CPResearch has employed CBC, CVA for
many clients. In order to help
clients to deal with fierce
price-based competition, CPResearch
has created its Optima Price
TM, which is an efficient
model for price adjustment strategy.
CPResearch model Optima Price
TM combines
various technologies and research
designs to help the client reach the
above objectives:
If the client only wants to know the
suitable price range at product
launch, we use CPResearch’s Price
Laddering and Price Sensitivity
Measurement price study models.
If the client also wants to
understand the changing acceptance
rate of its own and various
competitors products are different
price ranges, we use CPResearch’s
Brand Price Trade-off (BPTO)
technique to conduct the price
study.
If the client wants to investigate
the varying price and demand for
specific product attributes, or
combination of product attributes,
then we use CPResearch’s price study
technique based on Conjoint
Analysis.