$53,000. Average Restaurant General Manager salaries for job postings in Seattle, WA are 8% higher than average Restaurant General Manager salaries for job postings nationwide.verage Restaurant General Manager salaries for job postings in Seattle, WA are 8% higher than average Restaurant General Manager salaries for job postings nationwide.
The standardized formula for measuring price sensitivity is: Price Sensitivity = (Change in Quantity Purchased / Change in Price)*%. Example: In order to observe the price sensitivity, let us consider that, when Nestle apple nectar prices increase by 60%, the juice purchases fall with the figure of 25%. Using the mentioned formula we can easily calculate the price sensitivity for nestle apple nectar: Price Sensitivity = -25% / 60% = -0.42. Therefore, we can conclude that for every of the percentage with which the Nestle apple nectar price increases; it affects the purchase by almost more than half percentage.
I was recently corresponding with a colleague (Dave Lyon of Aurora Market Modeling) and the discussions led me to look back at the original VW paper (Peter H. van Westendorp (1976), âNSS â Price Sensitivity Meter (PSM) â A New Approach to Consumer Perception of Prices,â in Venice Congress Main Sessions.