The Coca Cola Company produces different kinds of products which increases of its sale turnover and makes it to have a higher competitive advantage as opposed to its competitors. It sometimes gives free samples and incentives to its customers. Pricing A price is determined by the net income and the objective that a company have for the market of its product.
The pricing decisions can be determined by knowing the market, competitors, the economic condition of a country and the customers.
Tables and graphs can be used to show the pricing trends and decisions of different products of a company. Coca Cola company pricing is friendly as its products are recyclable therefore minimizing on the cost of producing the empty bottles used to pack its products. Promotion A product should be advertised and promoted in the market so that the customer can get to know about its existence in the market.
A business should determine how much and which media should be used in advertising a product. Coca-Cola Company has been using the fat and jolly Santa Claus in advertising of its products, this has enabled it to increase on its sales and production for its products. Distribution This process involves ensuring the products reach the customers on time. In marketing plan, distribution is an important element that consists of decision variables such as; distribution channels as direct, retail and intermediate channels; criteria for evaluating distributions ;locations; motivators of channels such as distributor margins and logistics such as transportation ,warehousing and order fulfillment.
An organization should choose the best channel that can enable it maximize on its profits Porter Coca-Cola company produces syrups fit for consumption thus reducing the cost of transporting products from one place to another.
Sales forecast Sales forecast is derived through understanding a product, market for a product, price, promotional methods used, and types of distribution a channel for a product. Sales forecast is the driving force of all financial forecasts. It is required to give a brief summary of current sales, identify changes, summarize changes in the forecast, and justify a forecast so as to determine the right information concerning about a product and who well it can fair in the market.
The sales forecast helps the management of an organization to determine the kind of resources that should be implemented in an organization in order to maximize on its profits. In this case, factors such as political, environmental, technological and competitive factors are evaluated so as to determine whether the business operates in a good environment.
Coca-Cola sales team derives the sales turnover on different intervals in the year to evaluate the position of the company in the beverage industry. Sales forecast review by management Sales forecast review by management can be achieved through using the sales manager who can understand the contacts in the industry, can familiarize themselves with advertising and promotion techniques that will increase sales revenue for an organization.
The qualification of the sales personnel to generate sales leads, their relationship with the distributors and location of their sales outlets in order to increase the revenue of an organization is taken into consideration.
These mechanisms can ensure the management reviews it sales forecast with the actual sales so as to understand the position of business in the market. Coca-Cola company employees prepare financial reports on an annual basis to inform the customers at its existence and production of high quality products.
Conclusion Marketing plans should be reviewed on an annual basis so as to determine how a business is performing in the industry.
The management of business should use the marketing plan to determine the environment in which a business can flourish in the industry. These are prepared in relation to the products and services that are sold that result from marketing strategy implemented through marketing programs. Coca-Cola company success has been contributed by well structured strategy and market penetration and production of a variety of products that are suitable for its customers.
Highly qualified academic writers will prepare a non-plagiarized Marketing plan paper for you! Order a custom written paper of high quality Professional Writers only. Free Quote or Order now. The success is phenomenal. Introduction The retail market is becoming increasingly complex a space, where only the most innovative and vigorous brands are able to survive. Chapter 1 Introduction 1. The literature review is an important segment that provides focus on various concepts in regards to the dissertation topic.
Abstract From there were 15, fewer high school smokers and Everyone else, bring data. Summary of Findings and Conclusions Summary of Findings and Conclusion Summary of findings and conclusion of present study have been presented on following lines: Abstract Over the decades, brand extension has sustained to be a core marketing strategy for many companies.
Introduction Yamaha Corporation is a Japanese multinational corporation with a wide range of products and services.
Background to the Study: A well-developed and clear marketing strategy is very imperative to any company. In a study conducted by Kotz and Story, it was also found that Information Goods Amazon vs Blendle Suggestion to disposition of the assignment — what should it entail: Coca-Cola is a global manufacturer of a vast range of products, which are produced all over the world, many products are sold only in certain countries.
Chapter one Research Question: What is the role and effects of ethical branding in South African society? As we push forward into the second decade of the 21st century marketing is continuing to evolve and expand at an ever increasing pace. Contents of marketing plan Part: Introduction and Operations Background Coca Cola is in a global business that operates in a local scale in every community where business is made.
Articulation of the Problem: In order to understand consumers better, several methods have been developed for marketing. Background In a service oriented industry like the telecommunication industry, loyalty is of the greatest importance. Print media advertising beginning, planning and printing process. Every company has a different technique or way that contributes to their success. Question 1 The consumer decision process implies a number of stages that the buyer will go through before actually making the final buying decision.
Social media has had a huge impact on the way that journalism is practiced and the way that the general public perceive news in the present day. A PRO serves as a middle person between the association that he or she speaks to and the majority of that association publics.
In order to understand where online privacy concerns of consumers origins from it first need to be noted what OBA is and what is the main mechanism behind it. Understanding consumer behaviour is essential to succeed in business. As Solomon et al. The consumer decision making process as it relates to a consumer who is replacing their laptop. A newspaper is distinct as it is a combination of product and service.
Abstract- With the evolution of web technology, there is a huge amount of data present in the web for the internet users. Introduction A consumer gets on the Internet and types in a keyword related to an insurance or financial services product.
Asymmetric Information Both demand and supply side of the markets are affected by the E-commerce technology. On the demand side, customers cannot inspect goods prior to purchase. The numbers of companies who advertise on social media platforms like Facebook are increasing rapidly in recent years. The diversification of online advertising into social media can be seen everywhere. One definition of marketing is given by Hayes and Miller , p.
Web-based marketing strategies are great methods to develop your business and increase your customer base. We collected data through both primary and secondary sources. Cultural factors include culture, subculture and social classes which have important influence in the consumer buying behavior. Product concepts Most of the product concepts leamed in basic marketing are applicable in international marketing, too.
In last 10 years, with the emergence of social media and digital platforms, traveling seems to have become easier for travelers across the globe. The following table shows the distribution of the respondents according to their print media habits. From the above table and chart it is clear that out of total respondents In , marketing professor Philip Kotler published Kotler on Marketing.
He discussed the s as a time of turbulent change by the rise of the internet. In the last decennia word-of-mouth marketing has got a new definition: Every business knows that social media can be important to their success.
Brands play a fundamental role in the marketing strategy of a company. To what extent does advertising and sales promotion affect the domestic sales of Nestle India Ltd? Abstract This paper basically examines the factors that impact the purchasing decision of a Smartphone buyer in India. This essay examines the relationship between online marketing in the physical therapy, focused on the practice Fysioooo, and creating brand awareness and increasing turnover. Teenagers have been a focus for marketers for over years.
At the rise of the twentieth century, mass media became widely recognized and children were increasingly targeted. Public relation in an online world means the way the things are promoted through internet throughout the world. Social Networking has develop and become well known during the past several years, but it is still very difficult for someone new to social networking.
The creativity of the advertisement is an important part of impressing the customers with the product that they are selling successfully. About forty years ago, segmentation was viewed as an imperfection in market structure rather than as a more precise adjustment to consumer or user requirements.
At the beginning of the century, social life was mostly local. It was followed by a period in which commodities were produced on a mass scale. Three dimensional animations have a significant change in the modern world of 21st century.
Children and attitude toward the brand:
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