Marketers are naturally interested in how much consumers are willing to pay for their goods, and a number of techniques exist to help them do this. Professors Klaus Wertenbroch and Bernd Skiera examine some ways in which market researchers can establish the level of consumers’ Willingness To Pay (WTP) in fast moving consumer goods (FMCG) markets.
Authors: Bernd Skiera, Klaus Wertenbroch
Source: INSEAD Knowledge
Subject: Marketing / Sales
Industry: Consumer Products