data for marketing purposes. That is‚ you should be able to use the concepts you have learned in this course to make recommendations regarding a good marketing strategy for your brand. TO DO: Select a particular brand of any product category to study. Assume that you are hired as a marketing consultant to evaluate the strengths and weaknesses of the brand relative to the competition. In order to do so‚ you decide to utilize the Fishbein compensatory model of attitudes. First‚ conduct depth interviews
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Executive Summary The soft drink industry is a highly competitive business fighting for market space in which there are dominant companies controlling the business. Coca-Cola and Pepsi Co. are the two largest companies that set the standards for nearly everything in the industry. These two companies compete heavily with each other in terms of advertising to gain market share‚ which smaller companies are left with attempting to be very creative and finding niche markets to attract customers. They
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Assignment 1 – Soft Drink Case Study Economics 3315: Managerial Economics Case 1: Soft Drink Case Study A study on soft drink consumption across the 48 contiguous states in the United States was conducted. The attached dataset describes the consumption across the US. There are 48 elements which are the states and 4 variables which are Cans/Capita/Yr‚ 6-Pck Price‚ Income/Capita‚ and Mean Temp. Out of these variables‚ we have dependent and independent variables. In this study‚ Cans/Capita/Yr
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to determine household preferences in regards to their retail shopping for soft drinks. This questionnaire will take you around 7 minutes 1. Do you consume soft drinks? Yes No If yes‚ continue with question 2 and skip question 11 If no‚ jump to question 11 2. How often do you consume soft drinks? a) Daily b) Weekly c) Monthly d) Occasionally 3. How many persons are involved in the consumption of soft drinks with you? a) 1 person b) 2 persons c) 3 persons d) 4 persons e) More
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global soft drink industry is currently expanding quite rapidly. This is due to two major factors. First‚ markets are expanding rapidly in developing countries and second people are turning toward natural‚ healthy‚ and low-calorie drinks. This so called “new-age” beverages‚ such as tea-based beverages‚ is considerably stimulating the development of the soft drink industry and also creating a major challenge to the carbonated beverage market. In part to address this trend‚ big soft drink companies
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In 2007‚ the soft drinks market continued to fare more strongly in Vietnam‚ with growth hitting 8% in both total volume and value terms. Products notably driving the stronger growth were fruit/vegetable juice‚ bottled water and RTD tea. Generally‚ the higher disposable incomes of the Vietnamese population over the review period helped boost the performance of soft drinks. More specifically‚ consumers are gravitating towards flavour‚ nutrition and convenience when they choose soft drinks. Increasingly
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Soft drinks in India – Huge Potential Ahead According to the ‘Product Insights: Soft Drinks in India’ report‚ The global soft drinks market grew at a compound annual growth rate (CAGR) of 3.45% from 2005 to 2009 and was valued at $494.5 billion in 2009. New product launches in the global soft drinks market increased by 8.59% in 2009. The US was the top country by retail sales as well as by number of new product launches‚ followed by Japan which ranked second in both categories. Globally‚ India ranked
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1 Analysis of the U.S. soft drink industry‚ based on the competitive forces model of Michael Porter. In the soft drink industry the entry of new competitors depends on the barriers to entry that are present‚ and also the reaction from existing competitors that the entrant can expect. I will now analyze the six major sources of barriers to entry the soft drink industry. Economies of scale deter entry by forcing the entrant to come in at large scale and risk strong reaction from existing firms
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Summary Soft drinks off-trade value sales continued to record further growth in 2013 in India mainly due to growth in juices‚ and bottled water. Categories such as carbonates‚ and sports and energy drinks faced significant pressure due to growing health concerns but the strong grip of brands especially for carbonated drinks helped soft drinks to continue growth momentum during the review period. Soft Drinks in India report offers a comprehensive guide to the size and shape of the market at a national
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CASE 1 - DEMAND ESTIMATION and ELASTICITY: Soft Drinks in the U.S. Demand can be estimated with experimental data‚ time-series data‚ or cross-section data. In this case‚ cross-section data appear in the Excel file. Soft drink consumption in cans per capita per year is related to six-pack price‚ income per capita‚ and mean temperature across the 48 contiguous states in the United States. QUESTIONS 1. Given the data‚ please construct (a) a multiple linear regression equation and (b) a log-linear
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