Van Westendorp Price Sensitivity Meter
The Van Westendorp Price Sensitivity Meter is a market research method developed by Peter van Westendorp in 1993 for assessing consumer price perception and estimating willingness-to-pay ranges without directly asking customers their maximum price. The method uses four simple questions about price acceptability, yielding estimates of optimal price, acceptable price range, and price perception zones.
Source record
Citations copied verbatim from the method’s source record. No claim-level verification is inferred from them.
- Van Westendorp, P. (1993). Price Perception Analysis. An Application to the International Car Market. International Journal of Research in Marketing, 10(2), 157-165. · URL
- Miller, K. M., Hofstetter, R., Krohmer, H., & Zhang, Z. J. (2011). How Should Consumers' Willingness to Pay Be Measured? A Managerial Perspective. Journal of Product & Brand Management, 20(6), 460-469. · URL
- Chernev, A., & Hamilton, R. (2009). Assortment Size and Option Attractiveness in Consumer Choice Among Retailers. Journal of Marketing Research, 46(3), 410-420. · DOI 10.1509/jmkr.46.3.410
Curated claims
Claims persisted in the evidence ledger, each with its own assessment.
This view does not invent a claim assessment when the ledger has none.
Related methods
Generated from the method graph and shown as machine-suggested relations — no evidence claim is inferred.