Marketing Mix for Expanding a Coffee Shop to the Netherlands
Verified
Added on 2023/06/12
|4
|829
|343
AI Summary
This article discusses the factors to consider when expanding a coffee shop to the Netherlands, including the high demand for coffee in the country. It also explores the importance of using the right marketing mix, including product, promotion, place, and price, to succeed in the new market.
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
MARKETING MIX1 MARKETING MIX By [Name] Course Professor’s Name Institution Location of Institution Date
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
MARKETING MIX2 Marketing Mix For the case of hank and Patty, expanding their coffee shop to one of the European Union country will be easier because the two are already in the business and knows some of the key things that can make it to survive. While making their decisions to expand to this region, there are several factors that they must put into consideration. Some of them comprise of which country promises high chances of success. For this factor, they should base their decisions on several aspects such as the demand for coffee in that country, access to raw materials, labor, consumer buying behavior, the cultural beliefs of the people and so forth. For this case, Netherlands will be idea for Hank and patty because according to Gummesson (2012, P. 56), this country is the leading in not only the European Union countries but also across the globe when it comes to coffee consumption. Research implies, that the coffee consumption per capita in this country is 2.414 cups per day, which is the highest figure followed by Finland with 1.848. Having high demand for this beverage will mean that if hank and patty uses strategies that will make their business to standout, the chances of experiencing high sales will be high. According to Joshua et al., (2015, P. 15), the success of a business in a foreign market must results from proper marketing mix. Therefore, for the coffee business to thrive in this country, the two must use the best marketing mix. For this case, the two should consider various factors such as product, promotion, place and price. For the product, it will be important to consider if the business will deal with only coffee or it will include other beverages in its line of production. This should include finding out other products that relates with the main beverage such as tea, Frappuccino beverages, pastries, smoothies and merchandise. Although the Dutch has strong coffee culture, sometimes they
MARKETING MIX3 change to change the beverage to something else, and therefore, including these drinks in the product mix will make their business to attract consumers with different interest (Ronald, 2015, P. 65). Ronald (2015, P. 62) affirms that defining where a product can be found is always important because it enables a consumer to know how to access it. For this case, Hank and Patty should define how the products will be distributed to reach the consumer. This should include stating whether they will be available only in its cafes or they will be found in other platforms. Because the speed in adapting technology is very high in this country, it is advisable to ensure the products are also distributed through the use of technology, such as using applications, online stores, and so forth. Because this is a new business, the two should use the best promotional strategies to persuade the target customers concerning the merits associated with its products. According to Luther (2011, P. 124), good promotions are important for new businesses because they make consumers in a particular market to know the existence of a business and its products. To succeed in the new market, Hank and Patty should consider various factors such as Advertising, Public relations and sales promotions it their promotional mix. The two should also consider the prices they will charge for their products. Ronald (2015, P. 59) affirms that consumers like getting the value for their money and therefore this business should consider pricing its products based on their quality. In Netherlands, people have the tendency of purchasing expensive products or services on basis the correlation between high price and high value. Therefore, using premium pricing strategy for this business will be advisable.
MARKETING MIX4 References Gummesson. E. (2012).Total Relationship Marketing.London: Routledge Joshua, T. B., Kelly, C., and Robert, W. P. (2015). Understanding Relationship Marketing and Loyalty Program Effectiveness in Global Markets.Journal of International Marketing, 23(3), 12-21. Luther, W. (2011).The Marketing Plan: How to Prepare and Implement It.New York: AMACOM. Ronald, B. (2015).MarketingChannel Integration -A Review of Current Debates.Advances in Management,8(5), 56-89.