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Meridian-based Peavey not content with middle of pack: Hartley Peavey mindful of four P''s--product, price, place and promotion.

Publication: Mississippi Business Journal
Publication Date: 25-OCT-04
Format: Online - approximately 936 words
Delivery: Immediate Online Access
Full Article Title: Meridian-based Peavey not content with middle of pack: Hartley Peavey mindful of four P''s--product, price, place and promotion.(Focus: private companies)

Article Excerpt
MERIDIAN -- It should surprise few that Peavey Electronics Corporation is one of the top private companies in Mississippi. After all, it is one of the largest manufacturers of musical instruments and professional sound equipment on the planet.

A large part of the rise of the company, from founder and electronics pioneer Hartley Peavey tinkering in his father's basement in the mid-1950s to today's world-beater, can be attributed to innovation and invention. Peavey currently holds more than 130 patents, and its more than 2,000 products have forged a solid reputation for consistently delivering as promised.

Well, Peavey is at it again, this time inventing not just a new product but practically a whole new company. It has embarked on a totally new marketing approach, tweaking all of the "four P's"--product, price, place and promotion. And the new initiative is...

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