Marketing Mix and Strategies for Nestle Healthy Drink
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Added on 2023/04/22
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This report discusses the marketing mix and strategies for Nestle Healthy Drink, a new product by Nestle. It covers the targeting tactics, marketing mix for two different segments, marketing strategy for business to business and business to consumer marketing, and marketing strategy to market abroad.
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Task 4
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Introduction In order to meet this, cited firm have come up with their new products namely Nestle healthy drink which is especially made for the gym lovers and also for the individuals who are suffering from the diabetes
LO 4.1 MARKETING MIX FOR TWO DIFFERENT SEGMENTS Company is doing operations in more than 25 countries. Now the new product has been planned to launch in two different nations. There is a difference in the business climate of the two countries USA Prices in USA will be kept higher because the purchasing power of the customer is high The marketing mix elements in USA re very dynamic The customer in USA are more prices conscious People in USA are little concerned about their health
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UK The prices will be kept lower because the purchasing power of the customer is low However the economic conditions have improved a lot People in UK are quality conscious and more hygienic People in UK are more concerned about their health
4.2 MARKETING STRATEGY TO MARKET THE PRODUCTS AND SERVICES TO AN ORGANIZATION Business to business marketing Business to business marketing is related with doing the trading with other companies Nestle can make use of direct marketing in order to generate the lead, loyalty, demand and faith from the customers The sales and volume of B2B business will be higher The number of buyers will be less
Business to Consumer marketing It is concerned with marketing the products to the customers The objective is to transform the shopper into purchasers The time period for business transaction is short Marketing campaigns are designed to gain the interest
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4.3 MARKETING STRATEGY TO MARKET ABROAD International Marketing High level of competition Many barriers are there such as tariffs, cross culture, language differences The rules and regulations from the side of government is high
Domestic Marketing Domestic marketing refers to the activities in which trade transactions takes place within the country Government interference is low or zero The level of competition is high
CONCLUSION It can be concluded from the given report, in order to carry out the segmentation of customers firm must select an appropriate approach. This is because, if not selected then the product of company cannot be segmented by the buyers effectively.
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