Strategies for Enforcing Violations of Minimum Advertised Price Policy
What is a MAP Policy? A Minimum Advertised Price (MAP) policy serves as a guiding principle that establishes the minimum price at which resellers, be they distributors or retailers, can advertise a product. Understanding MAP Price In simpler terms, Minimum Advertised Pricing (MAP) signifies the lowest price that resellers are allowed to promote a product […]
Enhancing Your Brand Reputation through the Implementation of a MAP Policy
The impact of pricing strategies on brand reputation cannot be underestimated. While some may believe that offering the lowest prices benefits buyers, the reality is that constantly striving for the lowest prices can have detrimental effects on businesses, especially those already facing economic challenges. To combat the negative consequences of price wars, businesses […]
Market Saturation and Your Brand’s Growth
While growing a brand, it’s natural to assume that more distribution is advantageous. Manufacturers are thrilled when they reach top-tier wholesale distributors, leading to increasing sales and overall satisfaction. However, during this growth phase, it’s challenging to foresee potential issues lurking just around the corner. With increased distribution comes a rise in unauthorized […]