Preview

Marketing Tan hiep phat

Satisfactory Essays
Open Document
Open Document
623 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Marketing Tan hiep phat
Introduction
Tan Hiep Phat
Established in 1994, Tan Hiep Phat, its precursor being Ben Thanh beer and beverage workshop, has become the strong beverage group now with a series of healthful products. Tan Hiep Phat is the pioneer company in changing the Vietnamese drink habit: familiar with healthful bottled drink. The products such as Khong Do (Zero degree) green tea, Dr Thanh herbal tea, or newly I-kun carbonate green tea…are the leading brand name in the Viet Nam market, have showed the stature of the leading company in approaching and understanding the changeable demands of consumers.
Dr.Thanh
Thanh Herbal Tea is a beverage brand famous in the Vietnam market are offered by Tan Hiep Phat Group - manufacturer and distributor of beverage products. Thanh Herbal Tea products are made from 9 palace herbs . The main use of Dr.Thanh Herbal Tea is to promote health and prevent diseases
3.3 Price.
The current price of Dr Thanh Herbal Tea is higher than any other bottled beverage . However, customer acceptance of this product because it has health benefits .Dr.Thanh help us identify strategies THP products for this brand is a brief skimming , ie launching new products to the market with high prices and high levels of promotion :
* The high prices to ensure gross profit per unit of product at the highest level , spending more on promotions to convince the markets about the benefits of products even with high prices .
* Promotional activities at a high level is to increase market penetration rate .
Pricing strategy also contributed in building the company's marketing strategy for products Dr.Thanh . As new products come on the market , so the company chose milk skimming pricing strategy for its products , valued at the highest price that the market can accept . In general, the price of tea herbs DR higher than the same products are extracted from 9 royal herbs , and the company has invested in machinery technology to reach international quality , the company

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Assignment 8

    • 637 Words
    • 3 Pages

    Companies that set a higher price in their market to attract competitors usually do to attract a certain profile of customers. Having a higher priced product usually means that they are carrying a more quality or more unique product. Certain buyers will attract to this to set them selves above the norm. Some companies can set their pricing higher because the customer knows that they will be getting the best of the best and knows that quality behind the product. When I think of an example of this, Mercedes automobiles comes to mind. They set themselves apart from their competition with the overall quality of their line of cars and SUVs. They are able to price their vehicle above the competition and are able to attract a market that is willing to purchase their automobiles at a higher price because the customer knows that when they buy a Mercedes they are getting into a higher class of car that is above the mid level automobiles.…

    • 637 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Case Honest TEa

    • 841 Words
    • 4 Pages

    Thirdly, massive production require increased supervision and obligation to fulfill specyfic criteria. Receiving certain certificates push the Honest Tea to run full natural and healthy production. Initially, only the few products were made by using full organic indegriends. In the end, the…

    • 841 Words
    • 4 Pages
    Good Essays
  • Good Essays

    All three products are sold in highly competitive markets, so the company is unable to raise its prices without losing unacceptable numbers of customers.…

    • 1219 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    John Deere

    • 556 Words
    • 3 Pages

    Cost of Production was high. Therefore the pricing had to be laid in accordance with the high costs. This led to problems as the competitors products were priced lower and gained an advantage over price sensitivity.…

    • 556 Words
    • 3 Pages
    Powerful Essays
  • Powerful Essays

    Heritage Assessment

    • 1203 Words
    • 5 Pages

    Phillip, J. (February,15TH 2011). Follow this ancient Chinese tradition to prevent chronic disease. Retrieved from www.naturalnews.com/031340_green_tea_disease_prevention.html…

    • 1203 Words
    • 5 Pages
    Powerful Essays
  • Good Essays

    Music marketing

    • 551 Words
    • 5 Pages

    • Price – How price the product so that the price remains competitive but allows to make a good…

    • 551 Words
    • 5 Pages
    Good Essays
  • Better Essays

    and the leading functional drink in Thailand; the brand’s success and good reputation in the…

    • 2131 Words
    • 7 Pages
    Better Essays
  • Better Essays

    landing price for retailers. Price volatility and the consequent high retail push makes sense for products that have a high amount of competition and low pull. This is also an effective strategy when the company is unable to execute the retail stores…

    • 1697 Words
    • 7 Pages
    Better Essays
  • Powerful Essays

    Business Plan of a Tea Bag

    • 4757 Words
    • 20 Pages

    TEA HOUSE a start-up company owns by four partners namely Tahia Nawar, Ayesha Parven, Sharmin Rahman and Afrina Islam where each owns 25% of the company. The company is introducing country’s first Instant Milk Tea name Three in One Tea Bag. It’s a blessing for the people who takes tea several times in a day and who works late in night. They will get a perfectly blended Milk Tea with perfect taste and quality only by adding hot water. The company starts its first product in the market with their tag line Refresh your life. They are using processed tea powder from the countries local tea market, sugar is also coming from local market; powdered milk is coming from China. Main capitals used in producing the Tea Bags are Filter Paper and Tea Bag making machine which are also imported from China the world’s largest Tea Equipment manufacturers. In Three in One Tea Bag company is using different types innovative labels like origami shaped, cartoon and different social networks logo shaped. Currently in the country there are some leading groups producing tea but no one is producing Instant Milk Tea. So Three in One Tea Bag can easily win the competition and lead the market because in this digitalized life people need less time consuming product. Company estimates the price of each tea bag TK 3.2 where they will launch four types of boxes containing…

    • 4757 Words
    • 20 Pages
    Powerful Essays
  • Powerful Essays

    Mission: “Provide customers with high quality and best value herbal tea through the constant pursuit of innovation and excellence”…

    • 2242 Words
    • 9 Pages
    Powerful Essays
  • Powerful Essays

    Trading Service Co. Tan Hiep Phat was established in 1994, formerly known as the brewery and beverage Ben Thanh, production function, the business produced wine, beer and soft drinks. The head office is located in ThuanAn District, Binh Duong Province, scale factory 110.000m2 with the broader line equipment technology research and manufacture the most modern Southeast Asia.…

    • 6551 Words
    • 18 Pages
    Powerful Essays
  • Satisfactory Essays

    In the earlier time, consumers had to bring back packets of herb to decoct or boil after getting it from Chinese medical shop. In order to suit this modern life, Eu Yan Sang had innovated its products into medicine that are ready-to-consume pills and drinks. An example of ready-to-consume pills is Bak Foong pills and ready-to-drink YEN (bird’s nest).…

    • 388 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Research on Tsaang Gubat

    • 560 Words
    • 3 Pages

    The company’s name was derived from health and liquid and it was known of its liquid products. And now for its second decade the healthlique company was about to produce its new liquid product the health tea. This product main ingredient is tsaang gubat and widely known as herbal medicine for it has antibacterial, antinocicpetive and anti-inflammatory properties. Tsaang Gubat is commonly prepared in pills capsules and health tea bag. And now healthlique company innovates another product from tsaang gubat which is the concentrated tsaang gubat juice drink.…

    • 560 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    market plan

    • 1422 Words
    • 8 Pages

    Before starting the business Tony Herbs conducted a research about the market condition for natural and herbal products in India. It collected useful information that will help the company to reach the target market in a better and a faster way.…

    • 1422 Words
    • 8 Pages
    Powerful Essays
  • Powerful Essays

    Tan Hiep Phat Case Study

    • 4332 Words
    • 18 Pages

    The products of THP are the healthier products such as Khong Do (Zero degree) green tea, Dr.Thanh herbal tea or newly I-kun carbonate green tea. And the objective of the company is to produce the best beverage products and become the leading of the healthful products in the beverage market. And the wide system of distribution channels is covering all 64 cities and provinces of Vietnam.…

    • 4332 Words
    • 18 Pages
    Powerful Essays

Related Topics