price sensitivity — ➔ sensitivity * * * price sensitivity UK US noun [U] ► ECONOMICS, COMMERCE the situation in which the sales of a product or service go up or down in relation to its price: »In order to maximize profits, it is important to understand how price… … Financial and business terms
Price Sensitivity — The degree to which the price of a product affects consumers purchasing behaviors. The degree of price sensitivity varies from product to product and from consumer to consumer. In economics, price sensitivity is commonly measured using the price… … Investment dictionary
Van Westendorp's Price Sensitivity Meter — The Price Sensitivity Meter (PSM) is a market technique for determining consumer price preferences. It was introducted in 1976 by Dutch economist Peter van Westendorp. The technique has been used by a wide variety of researchers in the market… … Wikipedia
sensitivity — sen‧si‧tiv‧i‧ty [ˌsensˈtɪvti] noun [uncountable] 1. the degree to which something is likely to be affected by something else: • Because of their sensitivity to aluminum ingot prices, both companies expect a fall in profits. • Particular areas… … Financial and business terms
Price discrimination — or price differentiation[1] exists when sales of identical goods or services are transacted at different prices from the same provider.[2] In a theoretical market with perfect information, perfect substitutes, and no transaction costs or… … Wikipedia
sensitivity — sen|si|tiv|i|ty [ˌsensıˈtıvıti] n plural sensitivities ▬▬▬▬▬▬▬ 1¦(understanding people)¦ 2¦(situation/subject)¦ 3¦(body s reaction)¦ 4¦(easily offended)¦ 5 sensitivities 6¦(art/music etc)¦ 7¦(reaction to changes)¦ 8¦(reaction to new situations)¦… … Dictionary of contemporary English
Sensitivity Analysis — A technique used to determine how different values of an independent variable will impact a particular dependent variable under a given set of assumptions. This technique is used within specific boundaries that will depend on one or more input… … Investment dictionary
Sensitivity analysis — (SA) is the study of how the variation (uncertainty) in the output of a mathematical model can be apportioned, qualitatively or quantitatively, to different sources of variation in the input of a model Saltelli, A., Ratto, M., Andres, T.,… … Wikipedia
Price elasticity of demand — Not to be confused with Price elasticity of supply. PED is derived from the percentage change in quantity (%ΔQd) and percentage change in price (%ΔP). Price elasticity of demand (PED or Ed) is a measure used in economics to show the… … Wikipedia
sensitivity analysis — A method of analysing the sensitivity of a decision to a change in one or more of the assumptions used in making it. For instance, a company might analyse how its future performance might be affected by changing its level of advertising or by… … Big dictionary of business and management
Spectral sensitivity — is the relative efficiency of detection, of light or other signal, as a function of the frequency or wavelength of the signal.In visual neuroscience, spectral sensitivity is used to describe the different characteristics of the photopigments in… … Wikipedia