The 4Ps Marketing Mix: Analyzing Halo Top and Ben & Jerry's Case Study
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This report analyzes the 4Ps of marketing mix and target market of Halo Top and Ben & Jerry's ice-cream. It also evaluates their pricing, product, place, and promotion strategies.
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THE 4P'S MARKETING MIX
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EXECUTIVE SUMMARY This report has discussed 4 p’s of marketing mix which are important to analyse the positioning of the product at right place, time, price. Moreover, this report has analysed Halo Top ice- cream and Ben and Jerry’s ice-cream case study where 4p’s of both the company has been evaluated. Moreover, target market of Ben and Jerry’s ice-cream and Halo Top ice- cream has been compared.
Table of Contents INTRODUCTION..........................................................................................................................4 MAIN BODY..................................................................................................................................4 4 p's of marketing.........................................................................................................................4 CONCLUSION................................................................................................................................7 REFERENCES................................................................................................................................1
INTRODUCTION Marketing mix can be defined as a set of marketing tactics which is used to promote a goods and services. 4 p's stand for product, price, place and promotion of goods and services. This report is based on the case study of two company Halo Top ice- cream and Ben and Jerry’s ice-cream. Halo top creamery represented as guilty free ice cream brand founded by Justin Woolverton in 2012. It focuses on high protein, low calories and sugar etc. Moreover, currently it sold its products in US, Mexico, Australia, Canada and further in UK (Michalak, 2019). Ben and Jerry’s ice-cream founded by Ben Cohen jerry Greenfield and located in Vermont, US in the year 1978. It offers super premium quality of ice cream, sorbet and frozen yogurt. This report will cover four p's of marketing mix and target market of both the company. MAIN BODY 4 p's of marketing 4p's are to be classified as given below Product: Ben and Jerry’s ice-cream offers different flavour of ice cream which include Netflix original flavour, pint slices, cookie dough chunks etc. Moreover, it is manufactured frozen yogurt, ice cream and sorbet. It focuses on the fantastic flavour and high quality for its own sake. There are 112 different flavours of ice cream (Mayakkannan, 2019). As company has emphasis on the unique product quality and premium quality packaging, high quality of ingredient. Ben and Jerry’s ice-cream started with a $5 correspondence course as cream making in pan state. It is the first ice cream scoop retail store in a renovated at gass station. Company has focused on to invent creamy delicious ice cream in order to connect with the social community and by celebrating a free film festival, in their first anniversary. Moreover, it offers various type of unique flavour combination. As all new flavour are invented without any taste marketing. In addition to this, an original scoop shop has made with recycled material. Halo Top offer the healthy ice cream product which is full of high nutrition, low sugar etc. Company has manufactured amazing flavour of ice cream by keeping in the mind that people can enjoy all the varieties without worrying about their health issue (Sullivan, 2017). Halo Top is recognized as a light ice cream store. Moreover, Ice cream of halo top is first founded in its grocery store, with fewer calories, less sugar, high protein than the traditional ice cream. It has
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made new and healthy categories of ice cream. The main objective of this company is to create new and delicious taste. It sells different favours of ice cream which include dairy, dairy free product. Moreover, it also includes key lime pie and pumpkin pie etc. Price: Ben and Jerry’s ice-cream offer high quality product with high price. Most of its products are expected to be $5 to $6. It is because entity uses high quality of ingredient in order to stand ahead from their competitors. Generally, business charge $7 for unique flavoured ice cream. Moreover, the prices of the ben and jerry's ice cream is generally range in R$14-45, dependent on the flavour, type and quantity. For instance, Netflix ice cream of ben and jerry is 3 times expensive than the others (Thabit and Raewf, 2018). Moreover, due to the weight and name carry with it create an impact on its sells. In addition to this, vegans are the expensive generally retailed or buy at $40. Further, to make an ice cream after processing the vegan is also more expensive than the milk based on plant are also has high cost then regular milk. Moreover, along with the cost it is required to take care of the quality of the product. Halo Top: Even after Halo ice cream is expensive but people prefer to go for it. It is because this ice cream is contained healthy nutrition, protein which will make people free from the warring about their health issue (Kareh, 2018). The price range of Halo top ice cream is between the $5.99 to $7.99. Moreover, its revenue which is earned by the company is $2 billion. Company has higher prices in other countries except US that is why the demand of the product in high in US. As company is using high quality of packaging and ingredient to make their product unique and attractive. Place: Halo top sell their product in 25 countries worldwide. Moreover, online and offline selling is done through website, retail store and social media channel. Moreover, on its social media channel the number of followers is continuous increasing through which it can interact with the target able customer. In addition to this, company sell their product in Mexico, Australia, Canada, UK, US etc. Moreover, through its official website it has reached to large and large customer base. Company gives regular update to their desired customer through social media channel.
Ben and Jerry’s ice-cream sell their product through online mode like with the help of website and social media channel etc. Moreover, its delivery to customer house gives quick and easy access. Currently, company has made their product distribution easy with the help of food distributors. In addition to this, company also sold each flavour of ice cream in buffets and as a host party (Jarek and Mazurek, 2019). Further, it also makes people aware about company and its mission. Further, company also allow the customer buy with easy delivery. Cool visuals and interactive option make their audience more interactive users’ attention. With the help of website interaction, company customized their product and services according to the customer needs and preferences. Business is especially growing in the area of low calories and non-dairy ice cream. Promotion Ben and Jerry’s ice-cream adopt their different type of promotional activity which include advertisement through newspaper, TV, social media account and website. Moreover, its advertisement is inclined towards the environment friendly. Moreover, it targeted to Gen z who is usually more concerned towards the environment. Their advertisement is done through digital mode like social median channel and website (Ciszek and Logan, 2018). Company has already adopted the new technology to reach large number of customer base. Further, company use email, SMS to make their user aware about new offers, discounts etc. Halo Top use different type of slogans like “no bowl, no regrets” and “stop when you hit the bottom.” company has 775 likes on its Facebook account and 700k follower on Instagram. Therefore, company interact with their desired customer regarding their taste and preference, offers, discounts etc. with the help of social media account and technical boot. Moreover, company also use different tools and promotional techniques to maintain their relation with the loyal customer. In addition to this, company also build strong relationship with their customer Target market The target market of Halo top is the student of college whose age is lie between 18-25. Moreover, it also gives more focus on adults (people who work out daily), dieters and people who are suffering from diabetics’ problem. There are much healthy ice cream present in the
market but none of their competitors have the same or traditional taste as Halo top has. Further, company is continuous trying to increase their taste by keeping in the mind that customer health does not get spoil. As per the geographical area, Halo top sell their product in 5 countries through online and offline mode. Ben and Jerry’s ice-cream, target market is people whose age is between of 6 and 36 years and don't concern for finances. Moreover, this group is including the people who are seeking for enjoyment and fun, innovative and trend following etc. In term of geographical area, ben and jerry covers online and offline market (Babayev, 2018). Further, company has launched social media campaign in Australia in order to enhance the young target market. Further, it also focuses on the young adults with the health-conscious mind set who prefer their dessert fat natural fat. Company focuses on premium packaging of their ice cream with pints witty and cleaver flavour names along with the flashy colour cartoon picture. CONCLUSION From the above analysis the conclusion has been drown that 4 p's of marketing are essential element for the company's success. In the 4 p' of marketing mix, product, price, place and promotion are to be analysed. Halo top ice cream has a incredible market share as it is offering their product with new concept. Moreover, both the companies are adopting the efficient marketing strategies which include social media marketing, website updation etc. Ben and Jerry’s ice-cream also deliver the high quality of product which make their customer satisfied. In
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addition to this, both the companies are delivering their product by adopting various types of strategy to meet the taste and preference of the customer. Further, Ben and Jerry’s company is delivering high premium quality of ice cream along with the super packaging.
REFERENCES Books and journals Babayev,N.,2018.Ben&Jerry’sintegrationstrategyforVietnameseicecream market.Молодий вчений. (8 (2)). pp.360-366. Ciszek, E. and Logan, N., 2018. Challenging the dialogic promise: How Ben & Jerry’s support for Black Lives Matter fosters dissensus on social media.Journal of Public Relations Research.30(3). pp.115-127. Jarek, K. and Mazurek, G., 2019. MARKETING AND ARTIFICIAL INTELLIGENCE.Central European Business Review.8(2). Kareh, A., 2018. Evolution of the four Ps: Revisiting the marketing mix. Mayakkannan, R., 2019. A Study on Green Marketing Practices in India.Emperor International Journal of Finance and Management Research ISSN, pp.2395-5929. Michalak, R., 2019. Ben & Jerry’s: Continuing to turn values into value through Linked Prosperity. InPerspectives on Purpose(pp. 172-180). Routledge. Sullivan, C., 2017. The ice cream split: Empirically distinguishing price and product space collusion.Available at SSRN 3321948. Thabit,T.andRaewf,M.,2018.Theevaluationofmarketingmixelements:Acase study.International Journal of Social Sciences & Educational Studies.4(4). Online references Ben & Jerry's Marketing Strategy & Marketing Mix (4Ps), 2021. [Online]. Available through <https://www.mbaskool.com/marketing-mix/products/18118-ben-a-jerry.html> 1