What term is used to describe the place a product occupies in the consumers mind in relation to competing products?

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  Place

  Place in the marketing mix refers to the channel, or the route, through which goods move from the source to the final user.

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Definition: Positioning defines where your product (item or service) stands in relation to others offering similar products and services in the marketplace as well as the mind of the consumer.

Description: A good positioning makes a product unique and makes the users consider using it as a distinct benefit to them. A good position gives the product a USP (Unique selling proposition). In a market place cluttered with lots of products and brands offering similar benefits, a good positioning makes a brand or product stand out from the rest, confers it the ability to charge a higher price and stave off competition from the others. A good position in the market also allows a product and its company to ride out bad times more easily. A good position is also one which allows flexibility to the brand or product in extensions, changes, distribution and advertising.

• PREV DEFINITION

  Place

  Place in the marketing mix refers to the channel, or the route, through which goods move from the source to the final user.

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