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27.01.10 10.48 Message Age: 2 Monat(e)

Leading by price innovation

One can also establish a unique selling proposition in fought-over markets via price strategy. In many markets price leadership is indeed important. However one does not necessarily have to be the cheapest, as long as one undercuts visible competitors. For example this is what a Belgian retail chain practices using a network of price detectives. These observe the competition near each shop and immediately report more attractive offers to head office, that then quickly reacts with price reductions.