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Analysing the market and the customer
Essay on principles of customer analysis
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Mohammed Alqahtani
MKTG 4200
11/18/2015
Ginger Beer in Hong Kong
The product
The product that we shall be producing will be Geer beer. As a company, we use innovate and unique ways of producing high-quality products. The product will be part of the liquor beverages that will be used in Hong Kong. It will include different brands for the same product to increase market taste and reach different customer types depending on the customer’s tastes. The main aim will be to satisfy the customers and make Ginger Beer in Hong Kong one of the highly preferred liquor. Notably, this will in increasing the sales for the company (Philips 423).
Relative Advantage of the product
Our product has more than one advantage. One of the advantages of the product
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The product will have different designs that suit different customer’s tastes. In any business, the customer is the king and therefore, we shall always do the work of designing and packing of the ginger beer in different brands to help in the promotion of the same to the customers. The fact that the different customers will be attracted by different design and colors helps us to produce each variety of type drink in its own unique and specific color. This is then going to be availed to the customers depending on what each likes (Humphreys …show more content…
Notably, this has helped in distinguishing the roles of documentary makers and the subjects displayed in the advertisements (Humphreys 18). It is clear that advertisements have been given a higher distribution authority above the documentaries in the recent past (Humphreys 19). It gets the attention of those who have access to the internet. Notably, it will be used as a method of advertisement to all those have access to social media. Different methods will be used to advertise the product in social media. They will include the images and the video clips. All the social media channels available such as Facebook and Twitter will be used. Therefore, it will help in getting all the customers who may be
Quality of products can be quoted as one prime quality that can be observed in both the companies. Manufacturing products that are environmental friendly is another common and a beautiful aspect that is common among the two companies. Molson Coors, being an old company is driven mostly by its values whereas Anheuser Busch is moving forward with the motto of “dreaming big” [1]. Both the organizations treat the employees in a good manner making them feel like they are a part of the organization and providing them with the necessary amenities required. Passion and Integrity are a few ground values on which both the companies rely on. Values such as Creativity of Molson Coors sometimes result in a product that might not gain popularity among the customers which would result in the loss of time, thinking and money invested in getting the product out. On the other hand, Anheuser Busch is growing popularity day by day by setting up high goals and working hard to make its presence
The beer brands were classified as popular, premium, super premium, and ultra-premium. The distinguishing factor determining if brands belonged to different classes was whether beer was produced by four largest companies (Anheuser-...
Nowadays, commercial is becoming a major part of mass media. It does not only try to inform people about the availability and attractiveness of industrial good productions but also contribute to build an awareness of resources and alternatives for customer in daily life. There are thousands of commercials, so to attract customer, advertisers use various kinds on their commercial to make people aware of the firm's products, services or brands. Though they use various kinds on the commercial, the main goal of advertising tries to convince customer to buy their products, or do what they want. An excellent commercial will create a deep impression on their customers, or who want to become their customers by using three classical appeals: pathos, ethos and logos.
From our research, Anheuser-Busch is content with being the number one beer company in the world, increasing sales each year in operation. We found that Anheuser-Busch met many views associated with the world, business, and behavioral dimensions. The company also displayed its stability as we reviewed one of its most successful products Budweiser, owned by Anheuser-Busch, under the marketing view and the financial view. Not only do they hold almost half of the market share in the industry but their stock prices, sales volume, and net sales have all increased from 2002 to 2003. We also looked at Budweiser in terms of geography and culture. We found due to the fact that the "western" countries consume the majority of beer, it only makes sense that Anheuser-Busch concentrates on that market. Along these lines, another key goal that is also important to Anheuser-Busch is to boost other beer markets that are located in other cultures, where at the time beer is not a major consumption.
The aim of this report is to examine Innocent Drinks position within the market and to see how their position of strength can be built upon, both in the current market and any potential new markets.
Dogfish Head Craft Brewery has significant failures early on. One failure can be seen when they cannot fulfill purchase orders from distributors for the business’s hottest selling beer, 60 Minute IPA. Instead of taking the blame away from the company by making an excuse to the distributor, Dog Fish Head Craft Brewery personally apologizes and gives assurance they are taking necessary steps to improve production (157). Honesty and being proactive saved the business from a distribution nightmare, and these tools are more important to marketing a small business than having poor backing by the company and spending large dollars on advertising
The beverage industry is highly competitive and presents many alternative products to satisfy a need from within. The principal areas of competition are in pricing, packaging, product innovation, the development of new products and flavours as well as promotional and marketing strategies. Companies can be grouped into two categories: global operations such as PepsiCo, Coca-Cola Company, Monster Beverage Corp. and Red Bull and regional operations such as Ro...
The international beer will be chosen according to their popularity all around the world. Online Research has been made to identify these famous beers so that the sports bar can provide it to its target market.
In an effort to increase demand for and sales of its products, Heineken has begun to analyze the need for a different marketing strategy. One of the chief problems Heineken currently faces is that it is perceived differently from market to market. Although Heineken has consistently been marketed as a premium brand it is seen in the United States and Asia as a beer for only special occasions instead of daily consumption. In Latin America the brand is seen as just one of a many of undifferentiated European imports.
Beer has become one of the most popular and desirable beverages since its creation. Ever since the birth of the first American beer in 1587, this common beverage has been consumed by millions of people, not only for the enjoyment within a social environment, but also for its unique taste (Beer Advocate). Although beer has been present for a considerable amount of time, the process of manufacturing it has changed dramatically since the olden days. One might think that brewing beer is fairly easy, but that is an understatement. Brewing beer not only requires several resources but also a lot of time and labor. Tempo Beer Industries, Israel’s top beverage company, manufactures an assortment of products including energy drinks, soft drinks, wine, and last but not least, beer. Most of the products Tempo Beer Industry has made have assisted in the company sky rocketing to success, but Goldstar Beer has become Israeli’s top selling beer, which is only produced by Tempo Beer Industries itself.
Coase study #2 Beer: The vice president of marketing for a major brewing company is aware that college students account for a large proportion of beer sales and that people in this age group form lifelong loyalties to brands of beer. The executive is personally uncomfortable with the tasteless gimmicks used by her competitors in the industry to encourage drinking on campuses, including beach parties and beer-drinking contests. She worries about the company’s contribution to underage drinking and alcohol abuse among college students. Should she go along with the competition? State your case/opinion, etc.
The company expects to develop and grow its business in India. In this view the company has been making heavy investment and expects to control Indian beverage market in the coming years. The various methods used by the company to stay in business are discussed in this research.
This competitive advantage has been rendered sustainable as other players have found it difficult to catch up with the company's competitive strategy. In spite of this clear advantage, it was noted that the company faces some challenges being the world leader in soft drink distribution. The canning and bottling of the product which is done in many countries have now fallen into the hands of independent companies, thus it becomes hard for a given company to control the quality of the packaging
In fact, videos can be shared on broadcast television, YouTube, street marketing and video boards, increasing the possibilities of reaching the target audience. The sharing of the videos results in more exposure of the brand message and generates an increased interest in the marketed brand. Indeed, video marketing is the simplest and most effective way of reaching lots of prospective clients and getting the marketing message heard, seen and felt. Besides, videos allow marketers to appeal to the emotional side of their clients, attach faces to their marketing messages, and establish more influential and useful connections with their
Advertising is an information source to inform people about the products and prices of the company, which can help them to make informed choices. More recently, a huge amount of money has been spent on advertising throughout the world. Different types of advertisement such as television, radio, magazine, newspaper, the internet, billboards and posters can influence consumer’s behavior positively or negatively as there are different arguments and opinions. This essay will focus on the purpose of the advertisement for the company, the positive and negative effects of the advertisement on consumer behavior. According to Shimp (2007), there are five important factors which determine the purpose of an advertisement in terms of marketers’ communication with consumers.