Another method for evaluating price
sensitivity is to include price as one of the
attributes describing a product or a purchase
situation. Consumers rate the importance of
each attribute using a variety of scaling
techniques. Those scales can be a 1 to 5 or a 1
to 10 importance rating or simply an
evaluation of the percent of respondents
mentioning the attribute as being important.
This approach is problematic because
responses tend to be “off hand” and overly
positive, due to reasons mentioned in the
previous section