Pricing Strategy Survey
For Retail Industry
A pricing strategy survey can determine optimal price points that attract customers while maximizing profits. Understand consumer price sensitivity and competitors’ pricing to set competitive prices. This ensures better market positioning, customer satisfaction, and long-term financial success.
Pricing Strategy Survey For Retail Industry
1. How would you rate the affordability of products/services at <Your Brand>? (Multiple)
○ Very affordable
○ Affordable
○ Moderately priced
○ Expensive
○ Very expensive
2. Which factors influence your perception of a fair price for a product or service at <Your Brand>? (Multiple Type)
□ Quality of the product/service
□ Competitors’ prices for similar products/services
□ Brand reputation and trust
□ Features and functionalities offered
□ Personal budget or financial constraints
□ None of the above
3. How often do you consider the price of a product or service before making a purchase at <Your Brand>? (Multiple)
○ Always
○ Often
○ Occasionally
○ Rarely
○ Never
4. Would you be willing to pay a higher price for a product/service at <Your Brand> if it offered enhanced quality or additional features? (Multiple)
○ Yes, definitely
○ Maybe, depending on the improvements
○ No, I prefer lower prices regardless of additional features
5. Which price range do you consider as the most reasonable for high-quality products/services at <Your Brand>? (Multiple)
○ Under $10
○ $10 – $50
○ $51 – $100
○ $101 – $500
○ Above $500
6. Are you willing to pay more for eco-friendly or sustainable products/services at <Your Brand>? (Multiple)
○ Yes, I prioritize sustainability and am willing to pay more
○ No, price matters more to me than sustainability
○ It depends on the extent of sustainability offered
7. What factors could justify an increase in price for a product/service at <Your Brand>? (Multiple Type)
□ Enhanced durability or longevity
□ Advanced technology integration
□ Exclusive or unique features
□ Better customer service or support
□ None of the above
8. How likely are you to switch to a competitor offering a similar product/service at a lower price than <Your Brand>? (Multiple)
○ Very likely
○ Likely
○ Neutral
○ Unlikely
○ Very unlikely
9. What aspects or features of products/services at <Your Brand> would you be willing to pay more for? (Open-ended)
Ans: ___________________________________________
10. Is there anything specific that <Your Brand> could do to justify its pricing to you as a customer? (Open-ended)
Ans: ___________________________________________