Brand Extension Report for Cadbury: Mix Fruit Ice-Cream
Verified
Added on 2023/06/08
|15
|641
|87
AI Summary
This presentation discusses the brand extension of Cadbury with the introduction of a new product, Mix Fruit Ice-Cream. It covers the growth strategy, target market, comparative analysis, key trends, PESTLE analysis, and product differentiation.
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
MG412 Principles of Marketing CW2 Brand Extension Report
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
INTRODUCTION •The present PPT will perform the brand extension of a selected brand which is Cadbury. •The present PPT will describe the new productofthefirm,targetedmarket, growth strategy and Key trends.
Background of the brand •Cadburyisthemultinationalbrandwhichwas established in the Birmingham, England in the year 1824. •Currentlythecompanyhasapproachedthe numerous parts of the world within increasing their operations. •Cadbury has captured more than 85% of the market share in worldwide.
Noticeable promotional campaign
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
New product of the brand •The new product of the Cadbury will be “Mix fruit ice-cream” which is completely vegan. •This leads to approach the new customers towards the Cadbury as thisconcept is completely new by Cadbury.
Growth strategy for new product •Growth strategy that has been adopted by Cadbury is Diversification from the Ansoff Matrix. •Diversification refers to that growth strategy in which the new product has been developed and new market along with the existing market has been targeted. •Thus, this is the effective growth strategy that is being applied by the Cadbury.
Target market •Demographic segmentation-In this segmentation people of all age group will be approach as people of all age group prefers ice-cream. •Behavioural segmentation-Those people who are health conscious will be approached in this segmentation as the mix fruit ice-cream will contain low calories.
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Comparative analysation v competition Cadbury mix fruit ice-creamNestle mix fruit ice cream Cadbury mix fruit ice cream will be of low calories Different packaging will be used which include- bottles, cubes and rappers. Lowpriceswillbeofferedtothe customers. Nestlemixfruiticecreamdoesnot provide assurance of low calories Nestle only uses the rappers packaging. High prices
Key trends •Key trends that leads to influence the brand extension are rise of the new product development in the ice-cream industry. •Customers likes different flavours. Therefore, this is one of the major key trend which needs to be followed by Cadbury within introducing mix fruit ice-cream.
PESTLE Analysis •Politicalfactor-Therulesandregulationsoffoodanddrug administration system can lead to impact the brand extension. Therefore, rules need to be maintained in proper manner. •Economical factor- High labour cost can create negative influence. Therefore, effective strategy is required in this context. •Social factor-Changing in the taste and preference of the customer creates negative impact.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Product differentiation •Product differentiation involves the unique qualities of product that makes products superior from the competitor’s product. •Mixfruitice-creamwillbedifferentfromthe competitor’s product as it will be consist of low calories. •Also, it will provide the delicious taste of different fruits in the form of ice-cream.
Visual image of brand extension
CONCLUSION •Brand extension is an important concept that enables organization to increase the value of the brand. •Also, it has been witnessed that, brand extension needs to be done on the basis of the current scenario in the market.
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
REFERENCES •Agarwal,P.K.,Kumar,M.P.andGupta,M.S.,RIGHTBRAND POSITIONING: A ROAD TO SUCCESS AT MARKET PLACE. •Jinu, M., 2020. Cadbury dairy milk silk–a full fledged promotional aid. •Ohme, R. and Boshoff, C., 2019. The role of implicit learning in logo substitution.Journal of Consumer Marketing.