This presentation provides an overview of marketing essentials, including the marketing mix and marketing plan. It also compares the marketing strategies of Cadbury and Nestle. The presentation concludes with a discussion on the importance of marketing and references for further reading.
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Marketing Essentials
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Table of Content •Introduction •Marketing Mix •Marketing Plan •Conclusion •References
Introduction Marketing is considered as a collection of overall activities that are undertaken through firm to promote, sell, deliver value for satisfying the consumers requirements into market area. This is aimed at identifying the whole in accomplished requirements of target marketplace. Mainly it plays role of ascertaining and examining the size of the market as well as the potential of profitability.
Marketing Mix Marketing mix is considered as a set of tactics, actions that is utilise through firm in order to promote their products, services, brand etc. into market place. This is the accumulation of marketing tools that is applied by company to pursue objectives into target market area. This includes 7P's such as products, price, place, promotion, people, process and physical evidence.
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Cont... The comparison among nestle and Cadbury are mentioned below:
Cont... Basis of marketing mixCadburyNestle ProductCadbury have large product portfolio and classified according to different seasons and sales in different countries.In it has large no. of products that are Dairy milk, Bournville and five star with Perk and eclairs and in biscuit segment they have oreo. On other hand in beverages they have bournvita that are leader in market.Due to their products and services they become leaders in the whole world and almost presence in all continents. Nestleisoneoftheworld'slargestfood companyandithasalmost8000product range in market. They deal in dairy products that are day to day usable and they have large portfolio in chocolate range that are Kitkat, Munch, Polo and milky bar and in beverages sector consist of Nescafe which is an popular product into marketplace. In ready to cook food consist of Noodles, Maggi and its sauce and many other products. PriceCadbury are market leaders in terms of their quality of products with price which matters a lot. As quality of their products are high so price of their products also high in that case. On some products in that range are low in price such as perk, five star and eclairs. This company used thepricing strategy as per the demands, competition and packages. It have low and high pricing strategy. In case of Nestle quality of their products are highly superior and it should be found that price of their products less in comparison to their major competitors. In context of Nestle it occasionally see that products are available in varied sizes at variation of costs. This uses the high competitive pricing strategy.
Cont... Physical evidenceIntheirphysicalevidenceconsistof takingbestexperienceofconsumer, askingquestionsabouttasteand preferencesofthem.Theirproduct packaging should be attractive that helps to grab attention of large no. of consumer base. Nestle give memorable experience to their consumers by establishcoffee cornersinwhichpeoplespend quality time and share to others. They have various shops and restaurants that provide important attributes to consumers. PeopleCadbury build their products majorly for children's and people who love sweets. Theyfocusonbuildingproductsand services according to needs of consumers, suppliers and buyers and other people. In case of Nestle they have talented andenoughcompetitivestaff membersbygivingtrainingand development to enhance productivity of them so that better results should be achieve.
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Marketing Plan Marketingplanisconsideredasacompleteoutlineforeffectual marketingstrategieswhichfirmrequiredtoestablishfor communicating their products or services into market place. This is a structured as well as formal plan which is essential for organisation to assure efficacious marketing and well planned of offerings.
Cont... Overview of company Cadbury is the fastest growing and well known British multinational confectionery that isthe biggest brand after Mars. They are operating in approx 50 countries internationally. It is basically for its roses selection box, dairy milk, crème egg and many another products that are produced through this.
Cont... Vision:Cadbury vision statement is to perform accumulatively as well as develop brand with individual love. This facilitates guidance to employees regarding its inspiration and behaviours so that they can perform with full potential.
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Cont... Strategic objectives The various strategic objectives that is regarding Marvel sugar free cup cakes as well as plans develop through organisation for introducing products into market area are mentioned below: •For Marvellous sugar free cupcakes, firm is planning to launch socialmediacampaignbywhichorganisationcanpurposefor enhancing 20% social media traffic in upcoming 5 months.
Cont... Product Description:Marvellous sugar free cupcakes is new kinds of cakes that respective company is planning to launch for their clients that is innovative offerings at market area. The product have entered into cake segment. There are several audience who are having diabetes as they are not able to eat cake which contains sugars. In their products they includes stevia leaves which are beneficial for them.
Cont... Segmenting, Targeting and Positioning Cadbury needs to identify customers and market before marketing and selling ofMarvellous sugar free cupcakes. Positioning of product to targeted market and segmented market will help in earning market share and profits. •Segmentation •Targeting •Positioning
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Cont... Marketing Mix: It is significant for company to use marketing mix so that its plan regarding marketing can be executed efficaciously and Cadbury can launch its new product s “ Marvellous sugar free cupcakes” easily.
Cont... Marketing budget:Marketing budget aids organisation to study the cost in developing marketing plan and its procedures so that Cadbury can get knowledge regarding the expenses which can be incurred in each step related to launching Marvellous sugar free cupcakes are: MARKETING BUDGET PARTICULARSI Y e a r II Yea r III Year IV Year V Year Initial amount3 0 0 0 750 0 1150 0 1566015540 Investing8 5 0 0 900 0 2000 0 2800013500 TOTAL1 1 5 0 0 165 00 3150 0 1846029040
Conclusion From the above report it have been concluded that marketing plays significant role in firm in order to sell their products to the audiences and try to satisfy their demands. Herein, there are some marketing concepts that are product, marketing, societal etc. Roles as well as responsibilities that performed by marketing functions are promotion, market research and so on.
References •Dioko, L. D. A., 2016. Progress and trends in destination branding and marketing–a brief and broad review.International Journal of Culture, Tourism and Hospitality Research. 10(1). pp.5-13. •Karnaukhova,N.A.andPolyanskaya,E.V.,2016. Communication and reputation as essentials for the positioning of an organization.AI & society. 31(3). pp.371-379.