Today In Data: The Power Of Pricing
The conventional wisdom in retail is that pricing is almost everything: Lob a discount, and the consumers will come. But recent research indicates that actually, for a loyal customer, price doesn’t have a lot of power. In fact, as the trend continues for businesses and SMBs, price is important – but more important is what one gets in terms of services. But there are places where price pays, particularly segments like healthcare, where customers can feel like they shell out a lot but get very little in return.
