The role and importance of ‘place’ has grown in significance over the years for a number of different reasons. A great deal of money is spent on getting the products to the right ‘place’ at the right time. So why go to all of these lengths? Well, it’s to make the purchasing decision as easy as possible (or convenient) for the customer.
FAQ: Why has ‘convenience’ replaced ‘place’ in the mix?
Convenience is the benefit the customer gains. It links into their values. Wherever costs are high, there is always potential for savings! If your company ships goods, try to find out just how much it costs to get your products from A to B. This is particularly important if you factor products in from overseas.
If you are purchasing ...
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Read now
Unlock full access