Coca-Cola Marketing Mix: Product‚ Place‚ Price‚ Promotion Product: In order for an organization to be successful it needs to have a well-defined marketing mix. The marketing mix consists of the four P’s; product‚ place‚ price‚ promotion (Hair‚ Lamb‚ & McDaniel‚ 2006‚ p. 48). Product is defined as “everything‚ both favorable and unfavorable‚ that a person receives in exchange” (Hair‚ Lamb‚ & McDaniel‚ 2006‚ p. 48). The Coca-Cola Company’s products consist of beverage concentrates and
Premium Coca-Cola Marketing Diet Coke
Coca-Cola Company applies to an undifferentiated targeting strategy to promote a single product of identical size. This approach allows the firm to consider a potential buyer as the one who has similar needs and preferences like any other consumer at the market. Hence‚ there is no a particular market segment because market is regarded as the whole. Producing one item saves costs for advertising and marketing (Lamb et al.‚ 2011‚ p. 275). However‚ focusing on undifferentiated marketing prevents
Premium Marketing
Financial Analysis of Coca-Cola Company - February 7th‚ 2011 The Coca-Cola Company (NYSE: KO) is a beverage retailer‚ manufacturer and marketer of non-alcoholic beverage concentrates and syrups. The company is best known for its flagship product Coca-Cola‚ invented by pharmacist John Stith Pemberton in 1886. The Coca-Cola formula and brand was bought in 1889 by Asa Candler who incorporated The Coca-Cola Company in 1892. Besides its namesake Coca-Cola beverage‚ Coca-Cola currently offers more than
Premium Coca-Cola
sport drinks. i. Bargaining power of suppliers The main ingredients for Coca-Cola syrup include either high fructose corn syrup or sucrose derived from cane sugar‚ caramel color‚ caffeine‚ phosphoric acid‚ coca extract‚ lime extract‚ vanilla‚ and glycerin. The suppliers are not concentrated or differentiated. Bargaining power of suppliers is low. ii. Bargaining power of customers The individual buyer has no pressure on Coca-Cola because just like having large retailers it has a bargaining power of
Premium Coca-Cola Soft drink Drink
Live Positively: COCA-COLA COMPANY MARKETING PLAN Coca-Cola Company Marketing Plan Bellevue University Marketing Essentials BUSC335-308H Table of Contents Page 3 Executive Summary 4-5 Mission Statement 6 Demographic Information 7 Target Market 8-9 Current Marketing Efforts 10- Competition 11-12 Internal and External Environments that affect the Corporation 13-15 New Strategies 16-17 Target Market 18
Premium Coca-Cola
Assignment The government charged the Coca-Cola Company with marketing and selling a beverage that was injurious to health. They charged the company with producing a beverage that produced serious mental and motor deficits due to the use of synthetic caffeine. They also claimed that Coca-Cola was misbranded because its name implied that the product contained coca‚ yet it did not contain the whole coca leaf (because the cocaine was removed) and the name constituted a
Premium Coca-Cola
Coca Cola: International Marketing Mix INTRODUCTION: This scope of this essay is to discuss the international marketing mix of Coca Cola‚ which is one of the biggest brands in the world. The debate between the global standardization and local adaptation of the marketing mix has been going on for more than four decades without a resolution (Agrawal‚ 1995) and globalization trends starting in the early 1980’s has further fueled the debate (Jeong‚ 2000). This has led the global companies to make the
Premium Marketing Coca-Cola
35 Iss: 10‚ pp.904 - 926 5 6. Burkitt‚ L. 2014. China Accuses Coca-Cola of Illegally Using GPS. [online] Available at: http://m.asia.wsj.com/articles/SB10001424127887323826704578357131413767460?mobile=y [Accessed: 2 Apr 2014]. 7. Coca-Cola GB. 2014. Reducing Carbon Footprints & Transport Emissions. [online] Available at: http://www.coca-cola.co.uk/environment/a-greener-fleet.html [Accessed: 2 Apr 2014]. 8. Coca-colastore.com. 2014. Coca-ColaStore.com :Customer Care. [online] Available at: http://www
Premium Logistics
Rewarding system For the Coca Cola Company it is important to pay well the employees. Furthermore rewarding is also important because it contributes on the employees performances. Coca Cola uses two rewarding system based on: * function * performance Coca Cola rewards its employees through the function reward system. For the blue-collar workers the reward is based according to the length of service. For the white-collar workers‚ the higher you rise in the hierarchy the more the percentage
Premium Coca-Cola Thums Up Employment
likely to discuss their activities related to promotion‚ product development‚ market research and other tasks that are viewed as the more interesting and exciting parts of the job. Yet pricing decisions can have important consequences for the marketing organization and the attention given by the marketer to pricing is just as important as the attention given to more recognizable marketing activities. Here‚ we will talk about how Coca Cola manage to set the price for their products using different strategies
Premium Marketing Pricing