Should Market Research Agencies Lower Prices to Compete?
In today’s competitive landscape, many market research agencies—especially in emerging markets like Vietnam—are constantly asked to justify their pricing. With budgets shrinking and clients demanding more for less, agencies are tempted to lower their prices just to stay in the game. But is this truly a wise strategy?
At first glance, reducing prices seems like a straightforward tactic to win business. Clients love value, and undercutting competitors can seem like the quickest route to a signed contract. However, the long-term implications of this approach often tell a different story.
