LECTURE 3 MARKETING ENVIRONMENT Learning Objectives • Describe the environmental forces that affect the company’s ability to serve its customers. • Explain how changes in the demographic and economic environments affect marketing decisions. • Identify the major trends in the firm’s natural and technological environments. • Explain the key changes that occur in the political and cultural environments. • Discuss how companies can react to the marketing environment.
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1.0 Introduction: 1.1 Main Issues: After analysing and collecting all the information we could find from our resources‚ we have come agreed to choose Kickapoo (M) Sdn. Bhd. as our researching market. The research question that we have come to investigate is why kids and especially teenagers‚ who were into Kickapoo before‚ do not buy the drink anymore. We choose this market because the generation Y are not loyal about their brands especially when it comes to drinks since there are so many other
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The Coca-Cola Company is a beverage company‚ manufacturer‚ distributor‚ and marketer of non-alcoholic beverage concentrates and syrups. The company is best known for its flagship product Coca-Cola‚ invented by pharmacist John Stith Pemberton in 1886. The Coca-Cola formula and brand was bought in 1889 by Asa Candler who incorporated The Coca-Cola Company in 1892. Besides its namesake Coca-Cola beverage‚ Coca-Cola currently offers more than 400 brands in over 200 countries or territories and serves
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1.2 Background of the Study: We were assigned as a group to have a study on various fruit juice companies of Bangladesh. We have conducted a study on their organization and also find out the consumer perception about the product. We find out the consumer perception about various fruit Juice. 1.3 Objective of the study: The main purpose of the project is to show the customer preference to select fruit juice by doing a questionnaire based survey. We were instructed from our business communication
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Boost juice is a widely known brand in the drink companies occupying Australia. It has made itself well known since its creation in 2000 by Janine Allis. There are five different ways a company can differentiate themselves from its competitors‚ they are product‚ services‚ channels‚ people and image. Brands will differentiate themselves with competitors through product differentiation by design or features of their product. With services differentiation it is how efficiently
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Goals and Objectives The primary objective of Vodafone as a business entity is profit maximisation. The company has a mission statement that ensures for this objective to be achieved in the best possible manner. Vodafone’s mission statement is “to be the communications leader in an increasingly connected world” (Annual Report‚ 2010). Accordingly‚ this mission statement is communicated to all stakeholders of the company‚ especially to 84‚990 employees (Company Description‚ 2010) of the company‚ due to
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Sidra Double Cola Vital Jucina Milk Ice Cream Soda Mango Juice Kulfa Orange Orange Juice Butter Scotch Lychee Apple Juice Coffee Raspberry Mango & Orange Strawberry Fresh Lime Chocolate Vino Competitors: Primary: Pepsi‚ Coca Cola‚ Rooh Afza‚ Jam E Shereen‚ Etc. Secondary: Frooto‚ Maza‚ Rani‚ Slice‚ Nestle‚ Etc. Pops Pods Soft drink‚ juice‚ milk Natural taste varieties Disposable Tastes varieties in milk
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Behind the corporate objectives‚ which in themselves offer the main context for the marketing plan‚ will lie the "corporate mission‚" which in turn provides the context for these corporate objectives. In a sales-oriented organization‚ the marketing planning function designs incentive pay plans to not only motivate and reward frontline staff fairly but also to align marketing activities with corporate mission. The marketing plan basically aims to make the business provide the solution with the awareness
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This product was developed as a four-finger wafer crisp‚ initially launched in London and the South East in September 1935 as ’Rowntree’s Chocolate Crisp’ and re-named two years later as KitKat Chocolate Crisp. It became KitKat after the Second World War. No one is sure where the name KitKat came from but it’s thought the famous KitKat Club of the 1920s had some influence. Within two years of launch‚ KitKat was established as Rowntree’s leading product‚ a position that it has maintained ever since
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Understanding marketing objectives 1. Place the following in the correct order: marketing strategy‚ marketing objectives‚ corporate objectives‚ marketing aims‚ corporate aims. (5 marks) Corporate objectives Marketing objectives Marketing strategies Marketing tactics 2. What is the difference between a corporate objective and a marketing objective? (6 marks) A corporate objective is the overall objectives of the whole organisation which is agreed at senior management level. A marketing objective is a
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