This presentation provides an overview of marketing, including the marketing mix and marketing plan. It explores the strategies and tactics of Coca Cola and Pepsi Co in the global marketplace.
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
Marketing Essential (P3 and P4)
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Cover Content Introduction Marketing mix Marketing plan Conclusion References
Introduction Marketing is the science and art of exploring, developing, and offering value to the customer so as to meet their needs and requirements. It is the accumulation of all the activities whichareorganisedandconductedbythebusiness organisation so as to meet the wants and expectations of the customer and therefore enhance the brand image in the market.
Marketing Mix Marketing Mix can be defined as set of effective tactics which are used by business administration in order to promote or advertise their goods and services in the open market. Business concern adopts marketing mix in their working premises so that market scenario can be better understood in the competitive world. Marketing mix includes product, place, price, promotion, physical evidence, people and process are the steps or stages which need to carried out effectively in order to become successful.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Continue... BasisCoca ColaPepsi Co ProductCoca Cola come up with innovative idea and design product according to the needs and preference of the consumers. In order to meet the emerging needs of the customers firm design unique drink with classic taste so that potential customers are attracted towards the drink. By doing so huge profits can be gained and brand recognition can be done at a large scale. IncaseofPepsiCotheyframe strategiesinordertoselloutthe existing product in the market. By doing so sales volume can be raised andhugemarketratiocanbe captured in the competitive world. It leadsingaininghugeprofitand customer base for the drink. They more focus on product rather then consumers taste and preferences in the open market place.
Continue... PriceThe pricing policy adopted by Cocacolaislowpricewith qualityandhealthydrinkfor their customers. By adopting this marketingmixfactortargeted customerscanbeattracted toward the drink. As the drink is affordableandhealthyevery section of the people purchase it, Duetowhichsalesvolume raised at a rapid scale. High pricing policy is followed by Pepsi Cointheglobalmarketplace.Bythis organization is unable to bind customers for the drink. The potential and loyal client switch to other brand in order to meet the emerging taste in drink. This directly leads in generating less profits as compared to their competitors.
PromotionCoca Cola adopts social media platform in order to promote their innovative drink in the market place. By doing so more and more targeted customers can be pulled towards the drink which is a positive sign for the firm. Social media examples are Instagram, Facebook, twitter etc. by advertising drink in this area brand recognition can be done at a large scale as well as sales volume can be increased accordingly. n order to promote the drink Pepsi Co adopts print media and television sector more effectively. By doing so targeted customers are not pulled towards the drink. Due to which effective results are not achieved as well as set objectives are not meet on set-time duration. The inappropriate platform of advertising leads the company to reduce the sales ratio at a rapid scale whereas, effective use of place or platform helps to gain huge profits at a large scale.
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Continue... PlacesTo satisfy the customers with their drink they adopts various places to reach out to their customers. Coca Cola adopts selective distribution so that on set time frame healthy and tasty drink can be offered to the client. By doing so goodwill can be increased in the customers eyes. Which directly leads to accomplish competitive advantages against rivalry in the neck to neck competition. Pepsi Co adopts intensive distribution platform in meet the emerging needs and taste of the consumers. By doing so potential customers are unable to meet the goods and services on time. Due to which consumers switch to other brand to meet the emerging taste of the drink. Also, market value is not strong as compared to Coca cola due to which tough competition is not created for others in the global market place.
Continue... Physical evidencePhysical evidence is a part of marketing mix which Coca Cola adopts in the global market. It includes comfort, facilities, interface etc. which helps Coca Cola to capture huge market ratio in the competitive world. By doing so competitive advantages are accomplished in the international market.
Continue... peopleFirm design drink for the people so that business can survive in the marketplace. Coca cola top level management ask its employees to taste the drink before launching it in the market. By this best results can be achieved. By doing so It assures employees that they are valuable assets of the organization and work effectively and efficiently to meet the set standards. Whereas, in Pepsi Co drink is directly commercialized in the market and consumers provide their feedback for the drink. Due to which sales volume decreases if the drink is not liked by the client. Also, negative image on the brand is created in consumers eyes.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Continue... processCoca coal process of production is at wider scale and gradually they are expanding as per the requirement of the customers for the drink. Firm spend time in research work and accordingly make modification in process activity so that demand and supply can work parallelly without interference. Pepsi Co process activity depends on the supply chainrequirement. Due to which many times the demand of the customers are not fulfilled on time. As a result huge profit is not not maximized in the global market.
Evaluation of Tactics Price:By evaluating the pricing strategy of others best cost for Coca Coal drink can be set in the global market. Due to which sales volume can be raised and profits can be achieved at large scale. Product:In the global marketCoca coal is coming up with innovative product by evaluating the market scenario effectively. By doing so best results can be achieved as well as competitive advantages can be attained in the open market. The creative drink helps the firm to gain set objectives in the market.
Marketing Plan Marketing plan is a written blueprint in which all the relevant information about the idea is mentioned such as, type of creative goods or services, marketing tools adopted, budget required, targeted customers etc. are explainedbriefly. Thisisaformalplanwhichis important for the firm to assure efficacious marketing plan to it's subordinates.
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Continue.. Overview of Company Coca Cola is a carbonated soft drink which came into existence in the late 19thcentury. Administration was foundedbyJohnStithPembertonanddealsin products such as, RC Cola, Pepsi, IncaKola, Cavan Cola, Kola Real etc. This organization was introduced intheUnitedKingdomandareservingservices effectively to it's customers so that goodwill can be raised accordingly. The most common name of this drink is Diet Coke along with other names which are, Coca Cola Zero sugar , Coca Coal Cherry, Caffeine free Coca Cola etc.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
References Vesperi, W., Reina, R. and Gentile, T., 2015, September. Academic Knowledge Vs Enterpreneurship: The Spin offway.InEuropeanConferenceonKnowledge Management(p.828).AcademicConferences International Limited. AbdulJalil,M.,2013.Spiritualenterpreneurship: transformasispiritualitaskewirausahaan.LKIS PELANGI AKSARA. Grabowska, A., 2015. SP4CE–strategic partnership for creativity and enterpreneurship successor openinn. ZeszytyRowenaCydoniaElectrotechnici Automaticity PolytechnicAdamski.