This presentation explores the 7P's of marketing mix and focuses on the comparison between Cadbury and Nestle. It also discusses the different tactics applied by Cadbury to demonstrate how objectives can be achieved.
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Marketing Essentials (7P’s of marketing mix)
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Content Introduction Comparison between Cadbury and Nestle Conclusion Different tactics applied by Cadbury to demonstrate how objectives can achieve
INTRODUCTION •The 7 P's of marketing mix started with product, price, place, promotion, further the marketers get aware about the market or business, three more have been added they are people, process, physical evidence. •Cadbury biggest competitors are Hershey's and Nestle.
Comparison between Cadbury and Nestle Marketing Mix ElementsCadburyNestle ProductCadburyDiaryMilk,5Star, Temptation,Bourneville,Oreo, bournvitabiscuits,Cadbury Cocoa. Nescafe,Maggi,Milkybar, KitKat,Milkmaid,bar-one, Milo and Nestea. PriceCadburyuseCostpluspricing andDemandbasedpricingas theyaremoreaccurateand reliable. NestleuseVariedpricing strategies, The products prices are varying from affordable to premium or super premium. PlaceCadburymakessure thatthere products must available all over the world. Nestlehavelargeandglobal distributionnetworkwhich helpstomaintainitsglobal presence.
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Continue PromotionCadburypromotetheirproduct through various promotional tool suchasadvertising,online, newspaper, radio and posters. Theypromotetheirproducts throughdigitalmarketing, social media and various other platforms. PeopleCadbury target all age of people.Nestle mainly focus on middle class people. ProcessTheprocessofCadburyare continuously reviewed to ensure thesmoothfunctioningof Cadbury. Nestleismanufacturingtheir productsbyusingbetter technology. Physical EvidenceTheCadburyhavenumberof customersthatmeasuresthe received value of product. Nestlehascreateabetter evidencebysettingupthe coffee corners with their logo in vending machines.
Different tactics applied by Cadbury to demonstrate how objectives can achieve. •Therearedifferentmarkettacticswhichareappliedby organisations to be competitive in the market. •Thesemarketingtacticshelpsthebusinesstoattractthe customers and also help them to retain the customers which is been affected due to COVID 19 and Brexit.
Conclusion From the above information it is been concluded that there are various marketing tactics that help the organisation to increase their strength and build their position in the marketplace during COVID 19. Thecompanyhavetofollowthestrategiestobuildthe reputation in the market and attract more and more customers towards the products in pandemic.
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References Kang, J. Y. M. and Kim, J., 2017. Online customer relationship marketing tactics through social media and perceived customer retention orientation of the green retailer.Journal of fashion marketing and management: an international journal. Fotiadis, A., Mombeuil, C. and Valek, N. S., 2018. Designing and implementing a marketing plan. InThe Emerald Handbook of Entrepreneurship in Tourism, Travel and Hospitality. Emerald Publishing Limited. Chernev, A., 2020.The marketing plan handbook. Cerebellum Press. Gesualdi, M., 2019. Revisiting the relationship between public relations and marketing: Encroachment and social media.Public Relations Review.45(2). pp.372-382.