The Importance of Place
- Place in the marketing mix refers to where customers purchase a businesses products and the distribution channels used to move the product from producer to consumer
- In a competitive environment, location and distribution decisions can give a company a competitive advantage
- Businesses could locate themselves in areas with high foot traffic to achieve high sales volumes
- They may use innovative online channels to reach customers who prefer to shop online
- Changing consumer needs can impact the way businesses distribute their products
- E-commerce makes it easier for consumers to shop online and have products delivered to their doorstep
- Many businesses have therefore invested in their online presence, offering convenience and fast delivery to meet customer needs
- E-commerce makes it easier for consumers to shop online and have products delivered to their doorstep