--- title: Concept Test description: "Using Concept Test, Provides optimum price range, opportunities, and limitations for existing and new products.\n​" image: https://www.pricebeam.com/hubfs/AI-Generated%20Media/Images/A%20platform%20showing%20various%20packages%20for%20market%20research%20and%20pricing%20analysis%20solutions%20offered%20by%20PriceBeam.jpeg --- [Skip to content](https://www.pricebeam.com/concept-test#main-content) [![PriceBeam](https://www.pricebeam.com/hs-fs/hubfs/lead-flow-images/PBLogoTransparent%20(1).png?width=400&height=100&name=PBLogoTransparent%20(1).png)](https://www.pricebeam.com/?hsLang=en) - Solutions ![RGM360](https://www.pricebeam.com/hs-fs/hubfs/RGM360_Headlines.png?width=319&height=255&name=RGM360_Headlines.png)[PriceBeam RGM360](https://www.pricebeam.com/rgm360?hsLang=en) is an end-to-end Revenue Optimization Platform, offering unmatched value by integrating market research, internal data with AI and next-generation simulation and optimization tools. Predictive Research - [Predictive Revenue Research](https://www.pricebeam.com/predictive-research?hsLang=en) - [Willingness-to-Pay](https://www.pricebeam.com/willingness-to-pay?hsLang=en) - [Comparative Willingness-to-Pay](https://www.pricebeam.com/comparative-willingness-to-pay?hsLang=en) - [Value Attributes / Choice-Based Conjoint](https://www.pricebeam.com/value-attributes?hsLang=en) - [Price Pack Architecture](https://www.pricebeam.com/ppa-price-pack-architecture-study?hsLang=en) - [Promotion Lab](https://www.pricebeam.com/promotion-optimization?hsLang=en) - [Promotion Lab Enhanced](https://www.pricebeam.com/promotion-lab-enhanced?hsLang=en) - [Assortment Lab](https://www.pricebeam.com/assortment-optimization?hsLang=en) - [Core / Basic Survey](https://www.pricebeam.com/core-study?hsLang=en) - [Ranking Analysis / MaxDiff](https://www.pricebeam.com/ranking-analysis-maxdiff?hsLang=en) - [Menu-Based Conjoint](https://www.pricebeam.com/menu-based-conjoint-analysis?hsLang=en) - [RGM Study](https://www.pricebeam.com/revenue-growth-management?hsLang=en) - [RGM Study - Promotion](https://www.pricebeam.com/revenue-growth-management-promotion?hsLang=en) - [RGM Study - Ultra](https://www.pricebeam.com/revenue-growth-management-ultra?hsLang=en) - [Concept Test](https://www.pricebeam.com/concept-test) - [Claims Test](https://www.pricebeam.com/claims-test?hsLang=en) - [Product Variant Test](https://www.pricebeam.com/product-variant-test?hsLang=en) - [FAQ](https://www.pricebeam.com/faq?hsLang=en) RGM Data Lake - [RGM Data Lake](https://www.pricebeam.com/rgm-data-lake?hsLang=en) - [Prescriptive Analytics](https://www.pricebeam.com/rgm-data-lake-prescriptive-analytics?hsLang=en) - [Stakeholder Communication](https://www.pricebeam.com/rgm-data-lake-stakeholder-communication?hsLang=en) - [Data Integration](https://www.pricebeam.com/rgm-data-lake-data-integration?hsLang=en) - [FAQ](https://www.pricebeam.com/rgm-data-lake-faq?hsLang=en) Simulation & Optimization - [RGM Optimizer & Simulator](https://www.pricebeam.com/rgm-optimizer-simulator?hsLang=en) - [AI: Virtual Customer Modelling](https://www.pricebeam.com/ai-virtual-customers?hsLang=en) - [RGM Simulation](https://www.pricebeam.com/rgm-simulation?hsLang=en) - [Prescriptive Optimization](https://www.pricebeam.com/rgm-prescriptive-optimization?hsLang=en) - [FAQ](https://www.pricebeam.com/rgm-optimizer-simulator-faq?hsLang=en) - Industries & Challenges Industries - [FMCGs/CPG](https://www.pricebeam.com/consumer-goods-pricing?hsLang=en) - [Cosmetics](https://www.pricebeam.com/cosmetics-pricing?hsLang=en) - [Beverages](https://www.pricebeam.com/beverage-pricing?hsLang=en) - [Beer, Wine & Spirits](https://www.pricebeam.com/alcoholic-beverage-pricing?hsLang=en) - [Apparel](https://www.pricebeam.com/apparel-pricing?hsLang=en) - [Home Care](https://www.pricebeam.com/home-care-pricing?hsLang=en) - [Home Appliances](https://www.pricebeam.com/home-appliances-pricing?hsLang=en) - [Food Products](https://www.pricebeam.com/food-products-pricing?hsLang=en) - [Pet Food](https://www.pricebeam.com/pet-food-pricing?hsLang=en) - [DIY & Home Improvement](https://www.pricebeam.com/diy-pricing?hsLang=en) - [Consumer Services](https://www.pricebeam.com/consumer-services-pricing?hsLang=en) - [Media & Publishing](https://www.pricebeam.com/media-and-publishing-pricing?hsLang=en) - [Hotels & Hospitality](https://www.pricebeam.com/hospitality-pricing?hsLang=en) - [Subscription Services](https://www.pricebeam.com/subscription-services-pricing?hsLang=en) - [Phones & Telecom](https://www.pricebeam.com/telecommunication-pricing?hsLang=en) - [Memberships](https://www.pricebeam.com/membership-pricing?hsLang=en) - [Training & Education](https://www.pricebeam.com/training-and-education-pricing?hsLang=en) - [Retail](https://www.pricebeam.com/retail-pricing?hsLang=en) - [E-commerce](https://www.pricebeam.com/ecommerce-pricing?hsLang=en) - [Events](https://www.pricebeam.com/event-pricing?hsLang=en) - [Sports Subscriptions](https://www.pricebeam.com/sports-subscription-pricing?hsLang=en) - [Streaming](https://www.pricebeam.com/video-on-demand-pricing?hsLang=en) - [Consumer Electronics](https://www.pricebeam.com/consumer-pricing-electronics?hsLang=en) - [Start-ups](https://www.pricebeam.com/entrepreneur-pricing?hsLang=en) - [SaaS & Software](https://www.pricebeam.com/saas-software-pricing?hsLang=en) - [Consumer Finance](https://www.pricebeam.com/consumer-finance-pricing?hsLang=en) - [Equity Analysis](https://www.pricebeam.com/equity-analysis-pricing-insights?hsLang=en) - [Veterinary Products](https://www.pricebeam.com/veterinary-products-pricing?hsLang=en) - [OTC Pharmaceuticals](https://www.pricebeam.com/otc-pharmaceuticals-pricing?hsLang=en) - [Automotive](https://www.pricebeam.com/automotive-pricing?hsLang=en) - [Auto Aftermarket](https://www.pricebeam.com/automotive-aftermarket-pricing?hsLang=en) Pricing Challenges Solved - [Pricing New Products](https://www.pricebeam.com/pricing-new-products?hsLang=en) - [Brand Health & Pricing](https://www.pricebeam.com/brand-health-pricing?hsLang=en) - [M&A Pricing](https://www.pricebeam.com/mergers-and-acquisitions-pricing?hsLang=en) - [Investment Portfolios & Pricing](https://www.pricebeam.com/portfolio-growth-pricing?hsLang=en) - [Price Segmentation](https://www.pricebeam.com/price-segmentation?hsLang=en) - [Sales Team & Pricing](https://www.pricebeam.com/sales-team-pricing?hsLang=en) - [International Pricing](https://www.pricebeam.com/international-pricing?hsLang=en) - [Navigating New Tariffs](https://www.pricebeam.com/tariffs?hsLang=en) - [Price Optimization](https://www.pricebeam.com/price-optimization?hsLang=en) - [Price Increases](https://www.pricebeam.com/price-increase-management?hsLang=en) - [Pricing Strategy](https://www.pricebeam.com/pricing-strategy?hsLang=en) - [Psychological Pricing](https://www.pricebeam.com/psychological-pricing?hsLang=en) - [Value-Based Pricing](https://www.pricebeam.com/value-based-pricing?hsLang=en) - [Lifecycle Pricing](https://www.pricebeam.com/lifecycle-pricing?hsLang=en) - [Market Launch Pricing](https://www.pricebeam.com/market-launch-pricing?hsLang=en) - [Value Communication](https://www.pricebeam.com/value-communication?hsLang=en) - [Assortment Pricing](https://www.pricebeam.com/assortment-pricing?hsLang=en) - [Promotions & Discounts](https://www.pricebeam.com/promotion-pricing?hsLang=en) - Plans - [Plans overview](https://www.pricebeam.com/plans?hsLang=en) - [Predictive Research Plans](https://www.pricebeam.com/predictive-research-plans?hsLang=en) - [RGM Data Lake Plans](https://www.pricebeam.com/rgm-data-lake-plans?hsLang=en) - [RGM Optimizer Plans](https://www.pricebeam.com/rgm-optimizer-simulator-plans?hsLang=en) - [Pricing Power Tracker](https://www.pricebeam.com/pricing-power-tracker?hsLang=en) - [Pricing Power Snapshot](https://www.pricebeam.com/pricing-power-snapshot?hsLang=en) - Resources - [Webinars](https://www.pricebeam.com/resources?hsLang=en) - [Blog](https://blog.pricebeam.com?hsLang=en) - [Case Studies](https://www.pricebeam.com/customer-case-studies?hsLang=en) - [Newsletter](https://www.pricebeam.com/newsletter?hsLang=en) - [RGM Pulse Survey 2026](https://www.pricebeam.com/rgm-pulse-survey-2026?hsLang=en) - About - [Company](https://www.pricebeam.com/about?hsLang=en) - [News & Events](https://www.pricebeam.com/news?hsLang=en) - [Partners](https://www.pricebeam.com/partners?hsLang=en) - [Press](https://www.pricebeam.com/press?hsLang=en) - [Careers](https://www.pricebeam.com/careers?hsLang=en) - [Contact](https://www.pricebeam.com/contact?hsLang=en) ![Search icon](https://5018647.fs1.hubspotusercontent-na1.net/hubfs/5018647/Design/Icons/Font%20Awesome/search.svg) # Concept Test PriceBeam's Concept Test (CT) study enables users to test different marketing concepts for preference and value as well as validate conceptual product ideas with real consumers and understand which features and pricing levels resonate best with them. In a Concept Test study, companies can focus on four key elements: Optimal Price Settings, Feature Pricing, Assortment Pricing, and New Product Pricing. PriceBeam Concept Test is part of the [PriceBeam RGM360 Solution](https://www.pricebeam.com/rgm360?hsLang=en) [Book a free demo](https://www.pricebeam.com/demo?hsLang=en) [Start a free trial](https://www.pricebeam.com/trial?hsLang=en) ![Concept Test](https://www.pricebeam.com/hs-fs/hubfs/PriceBeam%20study.png?width=612&height=408&name=PriceBeam%20study.png) ## What is a Concept Test Study? Concept Test Study helps understand which concept attracts the most consumers and could result in the highest purchase intent / influence their purchasing behavior and those disliked. PriceBeam’s Concept Test study is based on the popular scientific methodology of A/B testing. ![New product pricing](https://www.pricebeam.com/hs-fs/hubfs/ORANGE%20FLAVOUR%20COMBINED%20(1).jpg?width=500&height=346&name=ORANGE%20FLAVOUR%20COMBINED%20(1).jpg) ![Value\_attributes-removebg-preview](https://www.pricebeam.com/hubfs/Value_attributes-removebg-preview.png) ## Unlock key insights Gain insight across the overall sample of a market tested and the opportunity of creating key segments such as channels, retailers, specific demographics, and more to unlock powerful insight to tailor their pricing strategy accordingly.​ Concept Test will provide key insight into the overall product performance, purchase intent, product perception, and price expectation. There will be diagnostic insight against each concept tested highlighting valuable brand positioning data. Insights on potential product prices will also provide an insight into consumers’ Willingness-to-Pay. ​ ## Who Concept is for? #### Innovation Teams: Innovation teams benefit from a concept test study as it helps them understand how consumers will react to any new product concepts. #### Marketing Teams: Marketing teams benefit from a concept test study as they will be able to uncover key insights into brand perception and purchasing behavior to understand which concept works the best. ## Industries that would benefit from CT: ### Houseware ### Hospitality ### Services ### Consumer Goods ### Technology ### Pharma ## Achieve your RGM goals ##### Holistic Approach to RGM PriceBeam uses a holistic approach to achieve your revenue goals by integrating pricing, product, promotion, and various strategies across the organization to optimize all the factors that drive revenue growth. This approach provides users with a complete 360-degree view of revenue. ##### Advanced Insights Leverage the power of data. Simplify data management with automated systems that load your data into a data repository, reducing manual input errors and increasing efficiency. Use world-class reports provided by PriceBeam experts to identify price opportunities or revenue issues. ##### Speedy Global Delivery Results are available in as little as a day and never more than a few weeks, regardless of complexity. PriceBeam's cloud platform also delivers results 24/7 Globally in 127 markets. ## Resources ![Carousel Ads LinkedIn (6) (1)](https://www.pricebeam.com/hubfs/Carousel%20Ads%20LinkedIn%20(6)%20(1).png) ### Let's get you started Book a demo with one of our PriceBeam experts and discover our platform capabilities.   [Book a demo](https://www.pricebeam.com/demo?hsLang=en) ![Read the story (600 x 600 px)](https://www.pricebeam.com/hs-fs/hubfs/Read%20the%20story%20(600%20x%20600%20px).png?width=800&height=800&name=Read%20the%20story%20(600%20x%20600%20px).png) ### Case studies Learn how our customers were able to solve their pricing challenges and increase revenue. [Read more](https://www.pricebeam.com/customer-case-studies?hsLang=en) ![Carousel Ads LinkedIn (1) (1)](https://www.pricebeam.com/hubfs/Carousel%20Ads%20LinkedIn%20(1)%20(1).png) ### PriceBeam Webinars Catch up on all our webinars from topics on AI, RGM, Promotional Pricing, Market Simulation, and much more. [Learn more](https://www.pricebeam.com/resources?hsLang=en) **Pricing Right, Made Easy** Almost all companies struggle to price right. They use methods such as cost plus a fixed margin. They use guesses and gut feel. They peg their price to a competitor’s. They price themselves too low, leaving money on the table, or too high, forsaking sales volume. They lose out on the profits they should be earning. PriceBeam changes all that. With a methodology that is confirmed to be accurate in thousands of projects, PriceBeam provides AI-powered market insights software that generates actionable insights into consumers' willingness-to-pay, competitive price positioning, packaging and assortment dynamics, promotional benchmarking, and opportunities from new product pricing. 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