Analyzing Retail Pricing Strategies
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WHAT IS IT ABOUT?
Is it possible to increase sales and profits by changing pricing strategies? This questionnaire will analyze the impact of discounts, promotions and margins on the retail sector.
- The Marketing department that needs to convince Operations managers about the opportunity of setting more competitive pricing strategies.
- The Operations manager who is interested in helping his team with understanding how different types of discounts can be beneficial for their business.
- The Sales department which wants to understand what the pros and cons are when offering different kinds of promotions.
- The Financial Planning director who wants to make sure that any retail pricing changes are able to meet or exceed profit margins.
- The HR executive who has to explain to employees why company pricing strategies may need to change in order to stay competitive.
Discounts
Examining the benefits and drawbacks of discounts
Promotions
Analyzing the power of promotional strategies
Margins
Understanding the importance of margin levels
Examining the benefits and drawbacks of discounts
Promotions
Analyzing the power of promotional strategies
Margins
Understanding the importance of margin levels
As you can see, you're not asking your respondents for opinions, satisfaction or agreement. Our scientific research has shown that these are very bad fuel for algorithms. Instead, we ask for verifiable facts or -behaviour. For further reading, you can download our AMAIZE magazine dedicated to this topic or discover the scientific papers in the Resources section.
After you have downloaded this questionnaire, you can - in your Toolbox - edit, add/delete, and translate questions & answers to your liking. Clicking the "Help me PRAIORITIZE" buttons in the Toolbox activates our A.I. to help you finish your masterpiece..
Q. How do you compare long term and short term discounts?
Q. What have you done to monitor the effects of promotions on brand image?
After you have downloaded this questionnaire, you can - in your Toolbox - edit, add/delete, and translate questions & answers to your liking. Clicking the "Help me PRAIORITIZE" buttons in the Toolbox activates our A.I. to help you finish your masterpiece..
Q. How do you compare long term and short term discounts?
- We don't, we only offer regular discounts.
- We offer long term discounts with specific criteria.
- We offer dynamic discounts through strategic analysis.
Q. What have you done to monitor the effects of promotions on brand image?
- ) I observe customer reactions
- ) We are tracking customer sentiment and survey responses
- ) We are utilizing AI to measure customer sentiment and correlate ROI
The artificial intelligence creating the questionnaires for the store has been inspired by over 11.000 whitepapers from more than 100 noted consultancy firms. Algorithms selected the 20% best papers and grouped papers from different consultancy firms into specific questionnaires. Why settle for less? Here is a summary how we did it.
If you feel you need outside support after conducting your assessment, we recommend the firms that have written the below mentioned whitepapers. Not having a paper selected does NOT mean that a firm does not give good advice.
If you feel you need outside support after conducting your assessment, we recommend the firms that have written the below mentioned whitepapers. Not having a paper selected does NOT mean that a firm does not give good advice.
| NAME | TITLE PAPER |
|---|---|
| infosys | changing-face-insurance-industry.pdf |
| mercer | gl-2020-delving-into-cares-act-relief-for-retirement-plan-participants-revised.pdf |
| oliverwyman | OW_AAD_2009_MX_Progression-white_Final.pdf |
| deloitte | gx-deloitte-tmt-2018-intense-machine-learning-report.pdf |
| pearlmeyer | ever-changing-federal-assistance-landscape-treasurys-new-executive-pay-restrictions.pdf |
| gartner | proactive-cost-driver-analysis-in-procurement.pdf |
| oxera | Oxera-report-Paying-more-for-less_rev7.pdf.pdf |
| oliverwyman | Oliver Wyman - Practical Cyber Response.pdf |
You will download so much more than a set of questions and answers. This questionnaire contains everything for the full consultancy experience:
- Respondent profiles for a helicopter view of your audience.
- A maturity model with which algorithms calculate a six times smarter improvement target (compared to when you leave that to a human).
- Improvement suggestions (per question) how to move from one answer to another
- Suggested follow-on projects. After all, moving your organization from A to B might require more than just doing an assessment.
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