Preview

Interpret Market Trends And Development

Powerful Essays
Open Document
Open Document
932 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Interpret Market Trends And Development
Interpret market trends and developments

BSBMK507A

Introduction:
Red Bull is an energy drink sold by Austrian company Red Bull GmbH, created in 1987. In terms of market share, Red Bull is the most popular energy drink in the world, with 5.2 billion cans sold in 2012.
Austrian entrepreneur Dietrich Mateschitz was inspired by a pre-existing energy drink named Krating Daeng, which was first invented and sold in Thailand. He took this idea, modified the ingredients to suit the tastes of westerners, and, in partnership with Chaleo Yoovidhya, founded Red
Bull GmbH in Austria.
The Red Bull company slogan is "Red Bull gives you wings" and the product is marketed through advertisings, events, sports team ownership, celebrity endorsements, and music, through its record label Red Bull Records.
Statistic Analysis:
Red Bull Products
- The Blue Edition
- The Red Edition
- The Silver Edition
- Total Zero
- Original
- Original (Sleek can)
Production and sales
Production - The production and global distribution needs energy and thus causes an environmental impact. Red Bull is very aware of its environmental responsibility and is constantly striving for improvement. The Red Bull cans light in weight and 100% recyclable. Red Bull has made a conscious decision to use aluminum cans. Today Red Bull cans weigh 60% less than a decade ago, which saves precious raw material. Once they are collected they are fully recyclable over and over again without any loss in quality. Moreover, apart from using 80% of energy from renewable sources, Red Bull implemented what's called 'Wall-to-Wall' production at the production site.
This means Red Bull cans are manufactured and filled on the same site which helping to save many miles of transport.

Miss Kantawee Meekaew STD03361

1

Interpret market trends and developments

BSBMK507A

Sales -

Rank

2013

2012

2011 2010

2008 sales 2007 sales

sales

sales

sales sales

(%share) (%share)

2006 sales (%share)

1

Red Bull

3,433

2,950

2,300

You May Also Find These Documents Helpful

  • Better Essays

    It is imperative that Team A Corp. develop a competitive product that can truly compete in this market both with sales price and corporate revenue. The development of The…

    • 1660 Words
    • 5 Pages
    Better Essays
  • Better Essays

    AT&T began business back in the 19th century when AT&T became the parent company of Bell System. At the time Bell System held a monopoly in telephone service and was considered to be the best in the world. In 1984 Bell broke into eight different organizations and until 1986 AT&T was part of an integrated telecommunication service. Today AT&T is a global leader in the telecommunications and continues to grow (AT&T, 2013). One of the best technological ideas that helped AT&T stay competitive in the market was the introduction of the Apple iPad. The iPad offers different features and options for different ages, and has become one of the top rated mobile devices available. The iPad is equipped with sound, a variety of applications, is lightweight, equipped with Wi-Fi, and Bluetooth capability. However, the technology industry advances rapidly, and it is necessary for businesses like AT&T to continue to advance to stay competitive. This paper will show the factors that affect supply and demand of the iPad, along with issues and opportunities AT&T will face in regard to competitiveness and profitability and last the best recommendations to maximize profit potential to stay successful in the market.…

    • 1445 Words
    • 6 Pages
    Better Essays
  • Powerful Essays

    Interpret Market Trends

    • 3687 Words
    • 15 Pages

    This report provide the analysis information about the international education export industry which requested by SLIC’s a market research company to do research on the Australian education export industry. The client ( SLIC’s) has recently moved to Australia and is thinking about opening up a college here or buying one and wants information about the trends in export education and what the future may hold.…

    • 3687 Words
    • 15 Pages
    Powerful Essays
  • Powerful Essays

    Red Bull

    • 2375 Words
    • 10 Pages

    Red Bull is the most popular energy drink in the world, selling over three billion cans annually. Started in 1987 by Austrian entrepreneur Dietrich Mateschitz, Red Bull pursued an aggressive yet different marketing strategy to grow their brand globally. Red Bull met an untapped need within the beverage consumer market and the strength of their carefully cultivated brand provided them leverage to market themselves in a non-traditional manner.…

    • 2375 Words
    • 10 Pages
    Powerful Essays
  • Powerful Essays

    Market Segmentation

    • 1208 Words
    • 5 Pages

    This paper explores the segmentation, target market and product positioning of a company. The company of choice is BMW and its medium-size car BMW 3 series offered to a broad consumer market. When undertaking market segmentation, BMW does research on the geographic, demographic, behavioral, socioeconomic, as well as beneficial attributes of the society so as to help the company target the market in more effective manner. The demographics of consumers with potential to purchase a BMW product are often men and women aged between 30-50 years. Behaviorally, these demographics of people usually would have formed a successful image in the mind prior to purchasing a car. Geographically, Europe and North America represent the strong markets for BMW Company, with more than 65% of sales due to the industrialization and thus residents are financially positioned to purchase their car models.…

    • 1208 Words
    • 5 Pages
    Powerful Essays
  • Good Essays

    Red Bull

    • 1634 Words
    • 7 Pages

    Red Bull operate within the energy drinks sector of the soft drinks market. The product is an example of a 'functional ' drink. Functional foods respond to consumer interest in well-being and performance. The major multinational soft drinks companies are investing in the area of functional drinks, developing their own brands and buying up existing ones. This is seen as being important, given that their traditional soft drinks markets are at the maturity stage in many countries. For these multinationals, new functional drinks offer opportunities for renewed business growth. (Can talk about Cash cow and stars)…

    • 1634 Words
    • 7 Pages
    Good Essays
  • Powerful Essays

    Market Segmentation

    • 1841 Words
    • 8 Pages

    This paper looks at the use of market segmentation as a tool for improving customer satisfaction in insurance service delivery. Insurance companies are always seeking alternative ways to improve the level of satisfaction among their customers; market segmentation may be a useful tool. The paper argues that in spite of the egalitarian approach that underpins the marketing of insurance, market segmentation may be used to better serve the needs of their customers. In utilizing market segmentation, the insurance companies must pay particular attention to barriers that may negatively impact the effectiveness of the market segmentation exercise.…

    • 1841 Words
    • 8 Pages
    Powerful Essays
  • Powerful Essays

    Market Segmentation

    • 1889 Words
    • 8 Pages

    To reach different markets or to promote your products to different locations or people one has to use a method called market segmentation. "Market segmentation describes the division of a market into homogenous groups which will respond differently to promotions, communications, advertising and other marketing mix variable" (Cumming). Market segmentation is extremely important for companies around the world. If a company doesn't research the area in which they are going to market or they put a product that is either to expensive or to elaborate in an area that can't afford that then they will fail as a company. In my paper I will discussion why market segmentation is used in around the world, the types of segmentation, some techniques used to make segmentation work the best.…

    • 1889 Words
    • 8 Pages
    Powerful Essays
  • Better Essays

    During my questionnaire I asked questions that would provide me with good information from the answers. I asked people face to face to increase the validity of responses I received. Validity would be increased as people are less likely to give you a false answer if you are asking them face to face. I asked a range of questions in my questionnaire like which geographical area do you live in and the income they receive. After a certain amount of understanding was obtained from the answered question I could then go on to ask question relating to the product. These questions were based on how they currently see the company. Also it was asking how often they purchase the certain type of product on a weekly basis. I knew then if they purchase a high number of a similar product then the response I would get from my questionnaire for my new product would be a good opinion. This would be because they know what flavours work well, and which don’t so a majority response to either a yes or no answer will indicate whether they feel my new product will be a successful one. In my questionnaire I asked 25 people, the people I asked were a wide range of people as Walkers has a wide target market. I targeted a big range of people as all sorts of people purchase Walkers crisps. The people I asked varied in gender and age. There were some that were aged fourteen and under and there was one who as sixty six years or over. There was a range of people in fulltime jobs and people who were not. Of the people that were in jobs there was a range of occupations that they were in, these included an electrician, a hairdresser and a pub landlord. Some of the people that I asked were not in a fulltime jobs, this was either due to unemployment through redundancy in an old job or there was one person who was a full time mother. I knew the results provided from a full time mother would be reliable as it is more than likely she would do the full…

    • 3064 Words
    • 13 Pages
    Better Essays
  • Satisfactory Essays

    Market Segmentation

    • 461 Words
    • 2 Pages

    ● Segmentation also helps the marketers to know the segment still waitingto be served and grabs them as a unique opportunity.…

    • 461 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    By preparing statements of mission, policy, strategy, and goals, headquarters establishes the framework within which the divisions and business units prepare their plans. All corporate headquarters undertake four planning activities:…

    • 347 Words
    • 2 Pages
    Satisfactory Essays
  • Best Essays

    Market Segmentation

    • 2571 Words
    • 11 Pages

    This assignment analyzes two questions, which are customer decision making model (CDMM) and market segmentation. Customer decision making model is a decision making process of a customer before buy a product. In the process, purchase decision consider as a main decision because it transfer product ownership to a customer (Magretta, 2002). The process is a combination of five steps. They are identification of customer problem, need or want, search for possible option to fulfill the need or resolve the identified problem, evaluate identified options through SAF approach, purchasing decision and post purchase audit. In special occasions customers skip some levels of CDMM and make sudden but effective decisions. Second question is to explain market segmentation and identify appropriate market segment for sell iPad. Through detailed analysis, company identify two possible market segments, that is people value and work with timely information (work with laptops, mobile phones, internet connectivity and etc) as long term market segment and early adopter who like to experience latest innovations as short term market segment. At the same time company has to undertake some advertising and promotional activities to market iPad among identified market segments (Lynch, 2003).…

    • 2571 Words
    • 11 Pages
    Best Essays
  • Good Essays

    Market Segmentation Notes

    • 1634 Words
    • 7 Pages

    A marketing term referring to the aggregating of prospective buyers into groups (segments) that have common needs and will respond similarly to a marketing action. Market segmentation enables companies to target different categories of consumers who perceive the full value of certain products and services differently from one another. Generally three criteria can be used to identify different market segments:…

    • 1634 Words
    • 7 Pages
    Good Essays
  • Powerful Essays

    Market Trend

    • 1453 Words
    • 4 Pages

    In the baby care product market, the potential customers are parents especially mothers.Parents who have constantly concerned with getting the best products in the market and doing everything right so that their child is safe and sound. Parents look at product websites, consumer product review websites, consumer reports, blogs, and get word of mouth referrals to try to search and figure out which product is going to be the best for them.They do this not only because they are extremely concerned about the safety of their children but also since most first time parents generally have no idea what the differences are between products. So these first time parents are going to be easy influenced .In the baby product market, these customers when choosing baby products informations are more influenced by products that are logic and fact -centred and are more influenced by emotion oriented aspects. They also appear to be more concerned with how the product looks, feels, and appears to other people than whether the item is ultimately safe and worth the money they are paying for their children.…

    • 1453 Words
    • 4 Pages
    Powerful Essays
  • Powerful Essays

    Market Environment

    • 3324 Words
    • 14 Pages

    Mr Nyasha our Guest of Honour, Mr Matorofa The Board Chairman, Members of the Rydings Board of Governors, The P.A Chairperson Mrs Mbele and members of the Parents Assembly Committee, The District Administrator, The Acting District Education Officer Mr Dzveta, Ministry Officials from all the respective Ministries , Distinguished guests, Parents, Staff and pupils of Rydings Primary School…

    • 3324 Words
    • 14 Pages
    Powerful Essays