1. Discuss the economies of scale and scope‚ and potential diseconomies that apply to Honest Tea prior to the Coca-Cola deal. (6 points) The economies of scale: "The cost advantage that arises with increased output of a product. Economies of scale arise because of the inverse relationship between the quantity produced and per-unit fixed costs; i.e. the greater the quantity of a good produced‚ the lower the per-unit fixed cost because these costs are shared over a larger number of goods. Economies
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WANG’S FORTUNE TEA Group Case Study 2 Thomas A. Tanamas & Alexis Tyson Wang’s Fortune Tea (WTF) is a Chinese herbal tea‚ a remedy that has been around since the 1800’s but Wang’s Fortune Tea created it into a pre-packaged reading to drink functional soft drink with a sweetened flavour. They’re product is unique and there is little else like it in the international market. They have managed to create their unique brand image not only through the product itself‚ but also because of their marketing
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personality traits the consumers posses. Of course there are serveral ways to group together personalities ex (fashionable‚ innovative‚ extroverted‚ etc). I have chosen to use Karen Horney’s theory of three personality groups for segmentation of the music consumer market. Karen Horney states that people can be grouped into three personalities; compliance‚ aggression and withdrawl. Since music consumers can be an almost entire population‚ it would be a good idea to segment this population into three
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Cross Professional Pastry Techniques 1 Title: Afternoon Tea Report Contents Page Page Number Introduction 3 Methodology 4 Current trends 5 The Science of Gluten 6 Gluten free afternoon tea 7 Conclusion 10 Bibliography 11 Introduction In this report investigations will be carried out to determine what the current trends in items served in afternoon teas are as well as the way in which afternoon tea is served. Other factors that will be looked at include the
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Marketing Plan: Vita Lemon Tea Environmental Analysis Consumer Analysis Recommendation Company Analysis Agenda 1. Company Background 2. Situational Analysis 3. Recommendations Company Background Year of establishment: 1979 Founder: Dr. Lo Kwee-Seong Different flavors e.g. Low sugar‚ SUPERICY‚ Ceylon‚ LimeLemon‚ Honey Different type of packing e.g. Canned‚ Tetra-pack‚ In bottle. P.E.S.T. Analysis Political environment Economic environment Social environment Technological environment Opportunities
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INTRODUCTION Bangladesh is a small tea producing country sharing 2% of the world’s Tea production. Tea is an agro based‚ lab our intensive and export oriented sector and plays an important role in the national economy through export earnings‚ trade balancing and employment generation. Our Tea industry dates back to 1857 when the first tea garden was established at Malnicherra in Sylhet District. Today we have 163 Tea Gardens with a grant area of 1‚15‚757.41 hal of which 52‚317.21 hal or 45% is under
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The Boston Tea Party was a significant event in the years leading up to the American Revolution. By 1773 tensions were mounting as British America’s relationship with Mother England became increasing strained. The British Empire has secured victory in the French and Indian Wars but had run up an incredible war debt. King George III and the British Government looked to taxing goods in the American colonies as a means to replenish its treasury. It was in this the passing of the Tea Act 1773 that
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Indian tea industry: A SWOT analysis Strong domestic market Monojit Dasgupta With tea prices rising‚ the tea industry is on the upswing again after several years and the expectation is that the trend will persist. But the industry is not without its challenges. The following is the SWOT analysis. Strengths The diverse agro-climatic conditions prevailing in the tea growing areas of India lend themselves to the production of a wide range of teas – black‚ (CTC‚ orthodox)‚ green teas and organic
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exhibits and the footnotes. The information in the fine print is relevant. The Fashion Channel 1. What are the pros and cons of the three segmentation scenarios? Read carefully the case and make a list of the pros and cons of each segmentation scenario. Use the following table to summarize your findings. | Scenario 1: Broad-based Segmentation Targeting | Scenario 2: Fashionista focus | Scenario 3: Fashionistas + Planners/Shoppers | Pros | * Mixed based audience. * Investment
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“Honest Tea seeks to provide bottled tea that tastes like tea a world of flavour freshly brewed and barely sweetened. We seek to provide better-tasting‚ healthier teas the way nature and their cultures of origin intended them to be. We strive for relationships with our customers‚ employees‚ suppliers and stakeholders which are as healthy and honest as the tea we brew.” (Honest Tea Mission Statement) As the name suggests Honest tea is a brand that produces 100% organic iced teas‚ aimed at the
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