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Join us for an enlightening webinar for price experts. This comprehensive session is designed for professionals seeking to master the art of price optimisation through the strategic application of price elasticity. Understand how to seamlessly integrate elasticity into your pricing strategies, ensuring you're not just reacting to the market, but proactively influencing it.
Critical problems in pricing like identifying your product’s elasticity, uncertainty in pricing, data overwhelm, economic fluctuations and seasonality are some of the common challenges that most price experts face.
This expert session will teach you how to trust and use the outcome of an Elasticity Score to predict your product's optimal prices, offering a blend of theory and practice that promises not only to enlighten but also to empower you.
Here's what we will cover:
Topic 1: How and When to Use Elasticity? And When Not to Use It?
Topic 2: What are the Minimal Data Requirements to Implement Price Elasticity?
Topic 3: How to Deal with Economic Situations, Market Circumstances, and Seasonality
Topic 4: How Tools Can Help You with Price Elasticity
Topic 5: How to set up a Good Elasticity experiment on your products?
Topic 6: How to Evaluate and Measure Your Success?
Topic 7: Lessons Learned