Concept Testing
Assess the Appeal of New Services and Products

In our view, feedback from the marketplace is mandatory in determining the optimum concept that should be pilot tested. Use of this quantitative technique during the new product development process is also a "best practice".

Concept testing results can be used to:

  • Estimate price sensitivity and purchase likelihood
  • Identify features and benefits that drive purchase likelihood
  • Identify target consumer segments
  • Assess how target consumers want to design and purchase the product
Concept testing data is most valuable to refine a new service or product before it is launched.

Copyright © 2008, Gelb Consulting Group, Inc.