Coordinate System is Clear and Understandable

That the Product Must Be Sold Under All Circumstances. Advantages and Disadvantages of the Van Westendorp Method the Use of the Van Westendorp Method Has the Following Advantages and Disadvantages: Advantages of the Van Westendorp Method You Can Do the Van Westendorp Method Without Much Effort . The Respondents Only Have to Provide a Few Details About Their Price Expectations. The Company Can Evaluate the Results Very Easily.

The Representation in the  for Everyone. Disadvantages of the Van Westendorp Method the Van Westendorp Methods Do Not Take Product Characteristics Into Account When Determining C Level Contact List the Optimal Price. The Respondents Have No Knowledge About the Properties of the Product. Example of the Practical Application of the Van Westendorp Method a Law Firm is Introducing a New Service With Advice in the Logistics Sector.

       

In Order to Find an Optimal Price for the Offer , the Law Firm Carries Out a Survey , the Result of Which Represents an Upper Price Limit and a Lower Price Limit. The Price at Which the Law Firm Offers Its New Service Lies Within These Two Limits. Conclusion: Find the Optimal Price the Van Westendorp Method is Used by a Company to Find the Right Price for an Offer or Service. It is Particularly Useful When a Company Brings a New Product Onto the Market.