This report compares the marketing mix of Cadbury and Lindt, including their target markets, products, pricing, distribution channels, and promotion strategies. It analyzes the similarities and differences between the two companies and provides recommendations for improving their marketing mix.
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COURSEWORK 1 INDIVIDUAL REPORT THE 4PSMARKETING MIX Table of Contents EXECUTIVE SUMMARY.............................................................................................................4 INTRODUCTION...........................................................................................................................4
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MAIN BODY...................................................................................................................................4 Comparison of target markets.....................................................................................................4 Products........................................................................................................................................5 Price............................................................................................................................................6 Place.............................................................................................................................................6 Promotion.....................................................................................................................................7 CONCLUSION................................................................................................................................8 RECOMMENDATION...................................................................................................................8 REFERENCES................................................................................................................................1
EXECUTIVE SUMMARY The aim of the report is to make a broad comparison of target markets. With this regard a pair of companies is taken. Here Cadbury and Lindt are taken into consideration. Then marketing mix of the organizations are to be depicted. For the research secondary sources of data are used, and their marketing mix was also carried out for fulfilment of the aim of research. In the research various aspects of the companies such as their pricing, product, promotion etc. Related information were found. On the basis of the report it can be said that both the organizationsarehavingsomesimilaritiesanddissimilarityintheiroperationsyettheir performance is very dynamic due to better marketing management. INTRODUCTION Cadbury dairy milk is the British brand of milk chocolate which is manufactured by the Cadbury. It was introduced in UK and now it consists of various products and famous for its bars and has market share of 70 percent. Lindt is the Swiss chocolateand confectionery company which was founded in 1845 which is famous for its chocolate truffles and bars among the other sweets. It is in Kilchberg where the main factory is located. This report will discuss the market mix of both companies which is Cadbury and Lindt (Karim and et.al., 2021). MAIN BODY Comparison of target markets Target audience of Cadbury - Cadbury dairy milk bar and other products mostly targets the kids within the age group of 5 to 10 years. It is because this young generation prefer more consumption of chocolates other than confectionery, so this fulfils their needs. The company has maintained the variety range in quality of product which target the loyal customers. Dairy milk bar chocolates has targets the millennials also and the people who can't refuse to chocolates. Company knows people will make their contribution to buy their products, so they came up with different ideas to gather their attention to make purchase. Advertising plays the major role in attracting target audience is attracted by this source. Whereas there are different kinds of products which is preferred by the various different age groups. Target audience of Lindt -
Lindt has the position in the luxury category of Swiss chocolate maker and its target audience is the rich and elite people, who do not think about the money at the buying such quality of products. Dark chocolate is the greatest of the Lindt blocks which attracts the more customers to make the purchase for the products. While majorly the primary target for the company is White women aged between 25 and 54. They look for their health and care for the current events. They bare fashion forward who look further for their appearance (NGUGI, MCHARO and MUNGE, 2020). Moreover, they care for their personal happiness as well includes indulging in occasional piece of chocolate. Mostly it has covered the market of rich society, and they prefer to consume them as well. Products According to the Levitt's model of brand, it is for the idea of product as classification of levels. Every up[per level is consistent of the previous one. Also, the core benefit is the innermost level, which is the need customer want to satisfy. For the shape of cadbury, it not only has classic rectangle shape but also it is changed to curved segments. While for the packaging the owners has declared that the UK chocolate brand wrappers is to be made with up to 30 percent recycledplastic(Paurova and Nadanyiova,2020). It will roll out the packaging innovation of sharing on more than 28 million bars. The colour scheme of their product is Purple as a tribute to Queen Victoria. Lindt has the rectangle shapes of most of their bar chocolate products and its packaging contains the unique and attractive typical colour wrapper. Its packaging is knows for the world best packaging and the colour scheme of each bar involves the dressand hair of the illustrated woman on the outside which represents the flavours. Furthermore, brand value of the Cadbury is calculated by the brand finance. It brand valuation also got featured in 30 brand rankings including the strong and valuable food brands as well as the UK brands and best global brands (Lahtinen, Dietrich and Rundle-Thiele, 2020). While Lindt brand values has featured in 16 rankings, involving the strong and valuable Europe brands and best Switzerland brands. Cadbury follows the Sincerity brand personality because of nature of sharing the products with others and pride with quality of ingredients and luxury purple packaging. The brand personality of Lindt is connected with sophistication and indulgence, the marketing efforts strengthen the personality.
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Price Cadbury Dairy Milk BarLindt ‘Excellence’ Milk Chocolate Bar The quality of product come with pricing too, the price of Cadbury is high in some cases and in other case it is reasonable. The competitors provide the better pricing but Dairy milk has the unique identity because of its positioning and with the lower price of chocolates, it is recognized in the target section. Company also hasmaintainedthevarietyofproductsin chocolate range and for individual product the pricing is different as per the customer who will taker interest in buying it. It uses various pricingstrategiesfortargetingdifferent segments' audience. The price skim strategy is used in which high price is charged for the quality range products such as Cadbury Silk andBonville(Alqahtani,2020).Theyalso provide the gifts pack during time of each festive season and it is decorated in such ways, socustomermakethepurchasenumberof items at low price rather than buying them individually. The brand has faced fluctuations in market share, chocolate market is the oligopoly where the company is one of the biggest players in it. There pricing are more than the competitors pricesandhasthepremiumstrategyin marketingmix.Also,theyhavethebetter productqualityleadershipwhichmakethe difference from rest of participant. They are assured with customer loyalty and accordingly maintained the pricing policy. The high pricing isthesourceofbusinessstrategyandit differentiates products from others. People of all age groups love their products whereas the pricing policy is still same. Apart from that, products are build in various shape and sizes whichincreasesthecustomerattraction towards product and it is sold at customer suitability in terms of money. Place Cadburydistribution channel is the huge and widely spread. The rural market of the company is weak because of low demand. They follow thestrategyof FMCG marketing which results to breakage in figure. It is situated in more than 200 countries and once the product reach in bulk, it broken down as follows. The availability in various countries forms the large customer base. Customer can make the purchase through online platforms as well. The distribution cost is
high due to the channel management but with more demand in market, the cost is get to be high anyhow. It is considered in distribution of products and the presence of its high and easy to get from any retail stores nearby. Lindthas faced the issues in world wars, crisis, and challenges for expanding their business on huge scale. They adopt the new technology of reducing the processing time of chocolates which improve the better efficiency of work and sales were also increased. With growing sales the demand was increased with outside countries even more. They invented the online facility and taking order through online source in 1988 as with 60 stores only in US.It has powerful supply chain management system with distribution and sales companies in 4 continents and 6 production sites in Europe and 2 in US. It is themselves as the luxury Swiss maker and so on the high class people make purchase. Promotion Cadburymakes use of various market slogans for their range of products, televisions, radio, social media and print media for encouraging products.It has an amazing strategy which is being followed from very long time period.Facebook is the strong social media platform. The company has arranged various pages for their individual products in which staff interact with customer and has the insight of Cadbury experience. The brand aims at gain more customer relation by showing the chocolates can bring the happiness in their lives (Siswanto, 2019). The amount of money is spent on the advertising because it gains the attention of each age group. There are some ads which wonnumerous awards. Whereas, the collaboration with Mondelez International where the company designed campaign for globally loved Cadbury crème eggs. Lindtis engaged in both such asprint and digital advertising, while their posters are displayed over the airports and big shopping centres as well. It is global recognized brand as with high brand recall where such marketing plans are adopted to promote the products in consumer markets.The videos are broadcast by the television and there are some set-ups at airports and shopping malls for customers to feel experience about chocolate making and taste some chocolates. It has the chance of converting the probable customer to potential customers. Roger Federer supports them which is a great public figure and it has major impact of people (Sukanta and Muis, 2022).
CONCLUSION By this report it has been concluded about the marketingmix of one pair of brands, Cadbury and Lindt. It had been showed the comparison of targets markets of both the companies and further itshows the evaluation of products and as discussing the brand values. Also, it has analysed the pricing and strategies which is used by them and places of distribution and channel management. At last, it has been focused on last part of marketing mix, promotion through which is shows how Cadbury and Lindt makes their advertisement and other strategies to gain the attention of their target audience. RECOMMENDATION For improving some useful aspects in their marketing mix Cadbury and Lindt should enhance more efficiency in the four process. Product Both companies may improve the better quality which fulfil the demand of customers and increase and maintain the range of products which add valuable profits. Price For the pricing both companies should enhance the price range with their quality of products and easily affordable by people easily. Place In this they can reach to the more audience by providing better services and sources. Promotion While using such methods of promoting, also both companies can make use of new technology and new ideas to make their promoting much better and reach to the target audience as well.
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REFERENCES Books and journals- Karim, R., and et.al., 2021. The Impact of 4Ps Marketing Mix in Tourism Development in the Mountain Areas: A Case Study.International Journal of Economics & Business Administration (IJEBA).9(2). pp.231-245. NGUGI, D. G., MCHARO, M. and MUNGE, M., 2020. Application of the 4 Ps Marketing Mix by Micro and Small-Scale Traders in Kenya. Impact on Household Incomes.Journal of Applied Economic Sciences.15(3). Lahtinen, V., Dietrich, T. and Rundle-Thiele, S., 2020. Long live the marketing mix. Testing the effectiveness of the commercial marketing mix in a social marketing context.Journal of Social Marketing. Alqahtani, M. H., 2020.From the traditional marketing mix (4Ps) in sport to new marketing mix (3Ps): Toward a paradigm shift from practitioner’s perspective(Doctoral dissertation, Middle Tennessee State University). Siswanto, S., 2019.Financial Ratios Analysis and The Effect Of 4Ps Marketing Mix on Market Share Case on PT Indosat Ooredoo. Tbk(Doctoral dissertation, Sekolah Tinggi Manajemen IPMI). Sukanta, S. and Muis, M. A., 2022. MARKETING MIX OF 4P'S FOR CUSTOMER PURCHASING DECISIONS.Dinasti International Journal of Digital Business Management.3(3). pp.375-382. Paurova, V. and Nadanyiova, M., 2020. Marketing mix as part of Marketing Strategy used in the Service Industries.Economic and Social Development: Book of Proceedings.pp.649- 657. 1