Marketing: An Introduction Case Study — Britvic Background Founded as the British Vitamin Products Company in the mid-nineteenth century in the market town of Chelmsford in Essex‚ the company changed its name to Britvic in 1971. The company began as little more than a home business run from a chemist’s shop. Soon the company was producing all kinds of soft drinks‚ including lemonades‚ mineral waters‚ tonics and non-alcoholic ales. It wasn’t until 1938 that the Britvic range of juices that
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Q1: Ans: The term marketing concept consists of following key characteristics: 1- Identifying 2- Anticipate and satisfying 3- Profit These characteristics are illustrated as follows: 1- IDENTIFYING Identifying is probably the most important task that generally involves the location and identification of needs and demands of the public and to gain the knowledge of competitors in the market. This process can be done through market research and public surveys about what products
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Question 1 Identify three key characteristics of the marketing concept. ‘Marketing concept is a philosophy that an organisation should try to provide products and services that satisfy customer’s needs through a coordinated set of activities that also allows the organisation to achieve its goals’ (Dibb‚ 2012:18). According to marketing concept customers should be at the centre of all the organisations activities. Therefore all departments of organisation are responsible for customer satisfaction
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Marketing Britvic Case Study – Assessment 1 1. Characteristics of the marketing concept. The Selling Concept – This concept doesn’t primarily focus on new consumer wants or desires but focuses on the selling and promotion of a particular already existing product in order to achieve the highest sales they possibly can. This technique is suited to companies who sell products which are in high demand and whose customers/consumers tastes are unlikely to change and lessen demand. The Production Concept
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Individual Front Sheet Student name: Student number: Assignment company: Menghan Tong 13431274 Britvic Group PLC Assessment Criteria Excellent Good Satisfactory Insufficient Poor Understanding of the theories and arguments relevant to the essay Knowledge of the company evidenced by extensive reading A logical linkage to related literatures and reading relevant to THIS company Overall financial and strategic analysis of international position. Overall analysis of exchange
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Company Name: Britvic plc (LSE: BVIC) Sector: Consumer Goods Industry: Soft drinks Proposal: Buy 900 shares at 704.50 GBp Close at profit: 730 GBp OVERVIEW Britvic Soft Drinks is one of the two leading soft drinks businesses in the UK‚ producing over 1.4 billion litres annually. It supplies a wide range of products to approximately 200‚000 outlets across the country. Britvic has also been growing its reach into other territories‚ in Ireland‚ France‚ and particularly in the United States. Britvic’s
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Marketing is by definition‚ “the management process responsible for identifying‚ anticipating and satisfying customer requirements profitably. It is recommended within a company that every member is aware and partly responsible for the marketing strategy. Adopting the Marketing Concept or being Market Orientated is not the only option into which a company can progress down. The other three areas are‚ 1. Sales Orientated – where by the main focus of the company is selling whatever the product is and
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Marketing: An Introduction Britvic’s Case Assessment 1. Marketing concept states that success is achieved by indentifying needs and wants of the target market by satisfying them batter than rivals and competitors. Its three characteristics are the following. Customer satisfaction: The firm should identify and define customer needs and wants as well as their expectations of all the goods and services provided. Profit: According to the market concept‚ profit can only be achieved by the customers
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important questions the marketing manager must answer to design a winning marketing strategy. How does the manager go about answering these questions Chapter 1 Review Notes 1. Define marketing and discuss how it is more than just “telling and selling.” Marketing is managing profitable customer relationships. The twofold goal of marketing is to attract new customers by promising superior value and to keep and grow current customers by delivering satisfaction. Hence‚ marketing is defined as the process
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Introduction: "Marketing is marketing‚ irrespective of the product or marketplace". This is a theme common to many introductory marketing texts and degree courses. The two most common exceptions cited to this proposition are buying behavior models between consumers and business buyers and the extended ingredients of the services marketing mix. While the overall sentiments of marketing hold true across product and market boundaries‚ perhaps the differences are in fact more marked? Intends to spark
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