The “Four Ps” of marketing strategy, also known as the "marketing mix," are basically applicable to all businesses. TEC’s two-part blog post series in 2008 talked about the importance of pricing management in a down economy. Price and promotion in particular are the lubricants in retailing, although the two remaining Ps--product and place, are indisputably important there as well.
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pos web store examples
etc., but also leverage POS demand (consumer demand) data to generate optimal prices. Prices are then determined by proprietary math, economics, and statistics. The crux of the matter is to predict consumer reaction to price changes so as to generate optimized pricing for stores’ deployment, monitor effectiveness of pricing at the store level, learn from actual consumer behavior, and respond with even better price recommendations. In other words, the strategic pricing solution should apply