Importance of Price in 4Ps of the Marketing Mix

Importance of Price Strategy – 4Ps of the Marketing Mix (Price : Part 1)

One of the most undervalued element os marketing mix (4 P’s of the Marketing Mix) is Price. However price manipulation can gain competitive andante what many companies mis out. However for those marketers who use it, it can be powerful weapon. Large retailers in the world like Auchan, Tesco, Lidl or Walmart make price research constantly but most of the companies does that maybe once a year thinking it is enough. Why price is one of the core elements of successful marketing ? (więcej…)