Comparative Analysis of Cadbury Dairy Milk Bar and Lindt ‘Excellence’ Milk Chocolate Bar
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This report provides a comparative study related to 4P’s of marketing mix on Cadbury Dairy Milk Bar and Lindt ‘Excellence’ Milk Chocolate Bar. It also states the information related to the target markets of both the companies.
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Principles of marketing
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Contents INTRODUCTION...........................................................................................................................3 TASK...............................................................................................................................................3 Comparative statement of Cadbury Dairy Milk Bar and Lindt ‘Excellence’ Milk Chocolate Bar................................................................................................................................................3 CONCLUSION................................................................................................................................9 REFERENCES..............................................................................................................................10
INTRODUCTION Marketing mix are related to the group of those factors which company uses to advertise their products and services to their customers. It is related to the marketing framework which aware the customers about the products of the company. There are four factors of marketing mix such as product, price, place and promotion.Due to the change in business environment, experts of management extend these factors and develops another three factors such as people, process and physical evidence(Lim,2021). The group ofproduct which is chosen here to demonstrate this report is Cadbury Dairy Milk Bar Lindt ‘Excellence’ Milk Chocolate Bar. This report provides comparative study related to 4P’s of marketing mix on this particular pair of products. This report also states the information related to the target markets of both the companies. Cadbury Dairy Milk Bar is a product of cadbuy and Lindt ‘Excellence’ Milk Chocolate Bar is related to the well-known confectionary brand of United Kingdom Lindt. TASK Comparative statement of Cadbury Dairy Milk Bar and Lindt ‘Excellence’ Milk Chocolate Bar. FactorsCadbury Dairy Milk BarLindt ‘Excellence’ Milk Chocolate Bar Target marketsThe segmentation of Cadbury is based on many factors such as income and occasions. There are manyfactorsonwhichthe companysegmentedtheir market such as age, preference, tasteandmanymorebut Cadbury segment their products on income and occasion basis. It offers dairy milk chocolate bars for their high-income buyers and smallcandiestotheirlow- Lindt‘Excellence’MilkChocolate Bar is a brand of Swizz chocolate maker Lindt(Lim,JeeandDeRun, 2020).Lindt‘Excellence’Milk Chocolate Bar is positioned in the rich and high standards people. Company only focuses on the customers which donotcareaboutthemoneyand purchase the product of company at anycost.Lindt‘Excellence’Milk ChocolateBarbecomestheluxury chocolate brand which do not afford
income customers. It also offers different types of products based on the occasion such as Cadbury celebration,valentinesheart shape chocolate and many more. Thesemarketsaresegmented after the deep research by the managementofcompany. CadburyDairyMilkBaris famousontheagegroupod adults and high-income buyers of company. bymiddleclasscustomers.The reasonbehindthissegmentationof company is to make high revenue by providing luxury chocolate product. ProductItisrelatedtheactualoutput which company offers to their buyers in exchange of money. Productisthemostimportant factor which decides the survival of company in the market. The productofthecompanymust satisfy the needs of customers. Cadbury Dairy Milk Bar is the productofCadburywhich satisfythechocolateneedsof different types of people such as adultsandchildren.Cadbury dairymilkisthebiggest chocolate brand in the world and it also a most accepted brand by customers. Lindt‘Excellence’MilkChocolate Bar is the famous chocolate and ,ilk baroftheworld.Itisthefirst preferenceofhigh-incomebuyers. Lindt is one of the premium chocolate brand of the world and it advertise their brand only for the buyers which givesanypricefortheirproduct. Lindt has huge varieties in chocolate and milk bar section but at premium prices.
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PriceIt is related to the actual price whichcompanychargesfrom their customers in exchange of their products and services. It is the most important factor which determinesthesuccessof product in the market. The price of the products are depend upon manyfactorssuchascostof product, price of similar product inthemarketandlevelof competitioninthemarket (VermaandSingh,2017). Dairy milk bar is a product of cad bury andcompanyappliedthe strategyofmostaffordable pricesfortheirproducts. Companyusesthe differentiation pricing policy for eachproducts.Cadburyuses premiumpricingfortheir product dairy milk bar and low pricesfortheirsmallcandies called eclairs. Cadury dairy milk bar is a popular product and the customersofthisproductare ready to pay any price for this particularproduct.Itprovides huge revenue generation to the company because it is one of the mostsellingproductofthe One of the most important aspect for the success of lindt in market is their rich and affluent customers. It follows premiumpricingpolicyfortheir products. Lindt excellent milk bar is a popular product among the children and adults and the customer of this bar doesnotcareaboutthepriceand ready to milk bar at any price. Lindt advertisetheirbrandthatitisa premiumbrandanditisforthose persons which belongs to financially strong background.
company. PlaceCadbury dairy milk is a well- known product of the world and the demand of this product are arisingfrommanycountries. The countries are France, China, Brazil and Russia. These are the country where the customers of the dairy milk get the product from any part of their area. One of the most important aspect of this factor of marketing mix is determinationofdistribution channel by the organisation.It is necessary for the organisation to develop effective distribution channel for the distribution of theirproductsandservices.It enables the product to be present atrighttimeandrightplace. Cadburydairymilkhasan intensive distribution policy for themselves so it is able to create sufficienttransportationchain. Cadburyanalysesthatthe general stores have huge public reach so it provides dairy milk bartotheretailorsandearns huge revenue. Lindt ‘Excellence’ Milk Chocolate Bar are provided to the customers with their 410 stores which spread in all over the world and capture mostcountriessuchasUnited States,Germany,SouthAfrica, Brazil,India,China,Russia, Canada and Mexico. These are the countrieswhichhasstoresof Lindt ‘Excellence’ Milk Chocolate Barwherethecustomerget companyproducteasilyat premium prices(Purohit, Paul and Mishra, 2021). Lindt operate their business in niche market and earns hugerevenuebecausethe customers included in this market are belongs to financially sound background and are ready to buy theproductofcompanyatany cost.
PromotionIt is related to the use of any marketingtooltoawarethe customers about the product and services of the company.It is not possible in this competitive marketthatanybrandcan achieve success without proper marketing.Therearemany methods which any brand use to advertise their product such as salespromotion,digital marketing, television marketing andendorsements.Cadbury dairy milk is a global product andeachandeverytypeof person are aware of the product and it is possible on the basis of theireffectivemarketing structure(Solimun and Fernandes, 2018). The purple packing of the producthelpsthecustomerto remind the presence of product and it acts as a advertising for the company. Dairy milk is also advertisedthroughtelevision, radio and also print media. Many popular celebrities of world are endorsing the dairy milk under the contract with company and thisprovideshugerevenue generation to the company and There is a cut throat competition in the market and many companies are present to take competitive advantage. ItisnecessaryfortheLindt ‘Excellence’ Milk Chocolate Bar to havestrongadvertisingpresence whichhelpsthemtopopularin customer.Lindt‘Excellence’Milk ChocolateBarisawell-known confectionary brand of the world and it has high recall value due to their effectivemarketingchannelsand techniques.Lindt‘Excellence’Milk ChocolateBarreadvertisethrough magazines,newspaper,posters, hording and billboards. The poster of theproductsarepastedintrains, airports and many big malls which providesinformationrelatedtothe merits of a products to the customers and it also helps the company to gain customer attention. It is one of the most effective way to advertise their product because railway station, malls and airports has huge variety of public this hoarding influence the customers about the product. One of the most important advertising channel of the Lindt‘Excellence’MilkChocolate Bar is their website and various social mediapagessuchasFacebook,
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product.Instagramandtwitter.Inpresent scenario most of the customers are onlineandusestheabovesocial media sites. Company develops digital poster and advertising video of Lindt ‘Excellence’ Milk Chocolate Bar and shareontheirpageswhichreach tremendous number of customers and helps the company to earn customers preference(Ndofirepi,Farinloyeand Mogaji, 2020). Lindt ‘Excellence’ Milk ChocolateBarisalsoadvertised throughendorsementbymany celebrities such as Rodger Federer and many more
CONCLUSION It is concluded from this report that the principles of marketing is the most important aspect to be applied in the organisation and this principles enables the organisation to aware the customers about the product and services. This report concludes various factors of marketing mix in context of comparative data which distinguish two brands such as Cadbury dairy milk and Lindt excellent chocolate bar.
REFERENCES Books and Journals Lim,W.M.,2021.Amarketingmixtypologyforintegratedcare:the10Ps.JournalofStrategic Marketing,29(5), pp.453-469. Ndofirepi, E., Farinloye, T. and Mogaji, E., 2020. Marketing mix in a heterogenous higher education market: A case of Africa. InUnderstanding the higher education market in Africa(pp. 241-262). Routledge. Solimun,S.andFernandes,A.A.R.,2018.Themediationeffectofcustomersatisfactioninthe relationship between service quality, service orientation, and marketing mix strategy to customer loyalty.Journal of Management Development. Purohit, S., Paul, J. and Mishra, R., 2021. Rethinking the bottom of the pyramid: Towards a new marketing mix.Journal of Retailing and Consumer Services,58, p.102275. Kim, M.S. and Kim, J., 2018. Linking marketing mix elements to passion-driven behavior toward a brand: Evidencefromthefoodserviceindustry.InternationalJournalofContemporaryHospitality Management. Lim, W.M., Jee, T.W. and De Run, E.C., 2020. Strategic brand management for higher education institutionswithgraduatedegreeprograms:empiricalinsightsfromthehighereducation marketing mix.Journal of Strategic Marketing,28(3), pp.225-245. Verma, Y. and Singh, M.R., 2017. Marketing mix, customer satisfaction and loyalty: an empirical study of telecom sector in Bhutan.Indian Journal of Commerce and Management Studies,8(2), p.121.