Sales Monitoring for Retail and Category Marketing
February 21st 2007 17:58
The sales monitoring for products, such as Chin Chin Black Gulaman and Powerbits Sports Drink, two of the promising and up and coming bottled quality beverage products in the market today need to be monitored closely, so that the process of their development is justified. The product movement in the market can only be measured through the proper placement and availability of the product in the market. Product knowledge will also have a hand in the product movement as well, and this movement shall be the basis for the monitoring of the sales performance per product under its category.
This sales monitoring, a key marketing measurement tool in any business, will be the bloodstream of most businesses. Through the figures that are shown, there is no doubt that they can already show the company how it is performing and distinguishing if the said product is a hit or a flop. Take note that the other factors according to the 4P’s of marketing also have a hand in the product movement. Price is a strong deriving factor that affects demand and supply. For poor nations such as the Philippines, cheaper goods are more preferred and quality takes a backseat especially for people who are budget conscious. In such a scenario, this is what reality in the countries like the Philippines is. Quality indeed takes a backseat to cost.
This , a key marketing measurement tool in any business, will be the bloodstream of most businesses. Through the figures that are shown, there is no doubt that they can already show the company how it is performing and distinguishing if the said product is a hit or a flop. Take note that the other factors according to the also have a hand in the product movement. is a strong deriving factor that affects demand and supply. For poor nations such as the Philippines, cheaper goods are more preferred and quality takes a backseat especially for people who are budget conscious. In such a scenario, this is what reality in the countries like the Philippines is. indeed takes a backseat to cost.
This sales monitoring, a key marketing measurement tool in any business, will be the bloodstream of most businesses. Through the figures that are shown, there is no doubt that they can already show the company how it is performing and distinguishing if the said product is a hit or a flop. Take note that the other factors according to the 4P’s of marketing also have a hand in the product movement. Price is a strong deriving factor that affects demand and supply. For poor nations such as the Philippines, cheaper goods are more preferred and quality takes a backseat especially for people who are budget conscious. In such a scenario, this is what reality in the countries like the Philippines is. Quality indeed takes a backseat to cost.
This , a key marketing measurement tool in any business, will be the bloodstream of most businesses. Through the figures that are shown, there is no doubt that they can already show the company how it is performing and distinguishing if the said product is a hit or a flop. Take note that the other factors according to the also have a hand in the product movement. is a strong deriving factor that affects demand and supply. For poor nations such as the Philippines, cheaper goods are more preferred and quality takes a backseat especially for people who are budget conscious. In such a scenario, this is what reality in the countries like the Philippines is. indeed takes a backseat to cost.
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