Leveraging Penetration Pricing Strategy to Increase Market Share by 22% for a Consumer Electronics Supplier | Read Infiniti’s Latest Success Story for Detailed Insights
LONDON--(BUSINESS WIRE)--Nov 20, 2019--
Infiniti Research, a leading market intelligence solutions provider, has recently announced the completion of its latest penetration pricing strategy engagement for a consumer electronics company. This success story provides comprehensive insights into how Infiniti’s penetration pricing analysis helped a consumer electronics company in Europe to create a mass market for their new products and grow market share by 22% within one year.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191120005709/en/
The key challenges faced by the client include:
- Setting optimal product prices based on the market competition
- Monitoring prices change in the market and revamp pricing strategies accordingly
- Providing offers and discounts to build a better customer base
- Measuring customers’ sensitivity to price changes
Want to efficiently price your products or services based on your competitors’ pricing strategies? Our competitive pricing analysis solution can help. Request a free proposal today!
Infiniti’s penetration pricing strategy comprised of:
- Competitive intelligence engagement to profile the top companies in the European consumer electronics market
- Competitive benchmarking analysis to compare the client’s pricing strategies with that of their competitors
- Market scanning and monitoring analysis to assess market conditions for business expansion
- Wondering how your business can benefit from our penetration pricing strategy? Request more information from our experts!
As customers are more price-sensitive, implementing an efficient competitive pricing strategy is imperative for businesses to retain valuable customers. Contact us to leverage our penetration pricing strategy.
The penetration pricing strategy engagement helped the consumer electronics company to:
- Create a mass market for their product in the European consumer electronics market
- Build a better customer base and enhance market share
- Competitively set prices for products and surpass the competition
- Capture maximum market share for their products and services
- Want to gain more insights into our services portfolio?Request a free brochure.
About Infiniti Research
Established in 2003, Infiniti Research is a leading market intelligence company providing smart solutions to address your business challenges. Infiniti Research studies markets in more than 100 countries to help analyze competitive activity, see beyond market disruptions, and develop intelligent business strategies. To know more, visit: https://www.infinitiresearch.com/about-us
View source version on businesswire.com:https://www.businesswire.com/news/home/20191120005709/en/
CONTACT: Infiniti Research
US: +1 844 778 0600
UK: +44 203 893 3400
INDUSTRY KEYWORD: TECHNOLOGY CONSUMER ELECTRONICS
SOURCE: Infiniti Research
Copyright Business Wire 2019.
PUB: 11/20/2019 01:01 PM/DISC: 11/20/2019 01:01 PM