STRATEGIC PRICING PRACTICES AND MARKETING PERFORMANCE OF BREWERIES IN SOUTH-SOUTH NIGERIA
The purpose of this study was to examine the effect of strategic pricing/pricing strategies on the marketing financial performance of Beverage firms in South-southern Nigeria. The area of study is Rivers state, while five firms were selected based on convenience. A sample size of 201 respondents was employed. The study employed dimensions of pricing strategy such as; Price skimming, Penetration pricing and Price discrimination and measures such as customer satisfaction. The correlational analysis was employed and indicated that there was a statistically significant and positive relationship between pricing strategies and marketing performance. These results implied that economy pricing has a positive effect on the marketing performance of beverage companies. The study recommends that; Beverage firms should put in place measures to reduce product costs and thus increase marketing performance whenever such a strategy is used. Also, these firms should also adopt ways to implement their pricing strategies better compared to competitor firms. They should undertake market survey when formulating prices for their services. They should identify the prices charged by their competitors in order to come up with prices which are nether too low or very high.