Adequate Response to Price Objection Essay

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In business quality of products is different. Also, the reviews on these products are dissimilar based on various types of clients. When a client says a product price is too high, it does not mean the conversation is closed (Rhee & Choi, 2020). This is just the beginning, and you can explain to share customer the value of the item for that particular price. For example, buying over-the-counter medications, there are original medicine and GMO formulated. The cost of these two products differs based on the value and the action speed. The original ones are expensive and work faster and more effectively, which the customer does not understand, and they may take a cheaper one to be better from a different chemist.

The objection is an opening window to storytelling involving positive reviews from a previous customer with the same thought. This activity will help the customer air the comparison item in mind. Through the story, you can show great positivity towards a decision based on what the previous client got (Rhee & Choi, 2020). Good quality products save money and solve problems because they are long-lasting. Presenting assertion data is also a great way to respond to price objections by giving the advantage to gain from buying the product for them to compare to what they are afraid to lose.

Listening to the customer makes you understand his reasoning towards his conclusion. the conversation field aids in tailoring the actual prospects without apologizing for the price. Since purchasing and movement are costly, reminding the client of the loss of not deciding is good (Rhee & Choi, 2020). The time is ideal for providing varying items and circumstances and giving alternatives. This follows the target budget for the customer based on price concerns.

Reference

Rhee, C. E., & Choi, J. (2020). Effects of personalization and social role in voice shopping: An experimental study on product recommendation by a conversational voice agent. Computers in Human Behavior, 109, 106359.

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IvyPanda. (2023, December 27). Adequate Response to Price Objection. https://ivypanda.com/essays/adequate-response-to-price-objection/

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IvyPanda. (2023) 'Adequate Response to Price Objection'. 27 December.

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IvyPanda. 2023. "Adequate Response to Price Objection." December 27, 2023. https://ivypanda.com/essays/adequate-response-to-price-objection/.

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IvyPanda. "Adequate Response to Price Objection." December 27, 2023. https://ivypanda.com/essays/adequate-response-to-price-objection/.

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