Monitoring Minimum Advertised Prices: Enhancing Pricing Strategy and Brand Protection
In today’s highly competitive marketplace, businesses often encounter the challenge of striking a balance between profitability and upholding their pricing integrity. This equilibrium is of paramount importance, particularly when it pertains to pricing strategies, as retailers continuously contend with the pressure to offer the most competitive prices to entice customers. Simultaneously, manufacturers are vigilant about […]
Enforcing Your MAP Policy: A Comprehensive Guide
WHAT IS A MAP POLICY? Let’s start by clarifying what MAP stands for: minimum advertised price. This represents the lowest price at which a product can be publicly displayed by a retailer, without imposing restrictions on the actual selling price. A minimum advertised price, or MAP policy, is a unilateral offering enacted by a manufacturer […]
Implementing a Strong MAP Policy to Safeguard Your Brand’s Image
In today’s volatile eCommerce environment, your brand’s reputation and profits are both on the line. Currently, there’s a growing concern with countless unchecked resellers jeopardizing the integrity of online products. These resellers, by offering prices lower than the agreed-upon map policy, impose a limit on your brand’s sales potential while eroding your profit margins. […]
Why Brands Need MAP Pricing Policy in the Current Digital Era
The retail industry has undergone rapid evolution in the past decade, presenting abundant opportunities for brands and retailers alike. With the advent of technology, the rise of eCommerce adoption has been further accelerated, particularly by the COVID-19 pandemic in recent months. Today’s shoppers have easy access to information and frequently compare prices online before making […]