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Real-time sales data can be used in conjunction with a price sensitivity graph to assess the impact of pricing strategies on the number of units sold. The graph can help visualize how a strategy like price skimming affects the number of units sold over time. The units sold are tracked on the y-axis, and price is tracked on the x-axis. By comparing this with real-time sales data, executives can assess how projections match reality and make necessary adjustments to their pricing strategies.
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Execs can also use a price sensitivity graph to visualize how a strategy like price skimming affects the number of units sold over time. Units sold are tracked on the y axis, and price is tracked on the x-axis. This could be used with projected sales, real-time sales data, or both to assess how projections match reality. (Slide 15)
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Need to improve your product pricing to maximize your profit margin? This Pricing Strategies Toolbox includes some of the most useful and common prici...
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