Key findings
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Feb 20, 2024
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Key findings
Environment: frozen food and to be stored in a cold storage Industry: With established firms and new entrants striving for market share, the market for plant-
based food alternatives is becoming increasingly competitive. They will be up against both domestic
and international brands. As more companies enter the plant-based food market, the risk of
oversaturation increases, potentially leading to price competition and market consolidation.
Firm: The Company’s brand awareness may be pretty low, particularly in the NA region where they
are attempting to grab and establish a foothold. Building the brand recognition and trust in short
term can be a bit difficult. Though they have had some sales success, however it also presents a
picture of sales volume accumulating to $300K USD per year which implies a relatively tiny market
presence.
Strategy: They have the potential to expand into the North American market, which is known for its enormous customer base and significant demand for plant-based alternatives. By targeting undernourished populations worldwide with its plant-based protein source, giving a socially responsible and sustainable alternative.
The major problems that are identified are as follow:
1) Limited sales volume: Although they were successful in selling, this also demonstrates a trend of increasing sales volumes to US$300k each year which suggests little presence on the market.
2) Lack of established brand: although they are trying to take over and occupy a position in North America, it is possible that the company's brand awareness may be low. It may be a bit difficult to build brand recognition and trust in the short term.
3) Increased competition: The market for alternative protein products from plants is increasingly competitive, driven by the existing companies and new entrants seeking to consolidate their position
on the market. They're going to be competing against domestic and international brands.
4) Market saturation: the risk of oversaturation is increasing, potentially leading to price competition
and market consolidation, as more companies enter the plant-based food market.
5) Legal challenges: Different legal frameworks and norms need to be adhered to as part of an expansion into North America. It can be difficult to adapt to the new legislation and ensure that it is complied with.
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Related Questions
Q 21
What are the two (2) most important times when a marketer wants possible customers to think about their products?
Group of answer choices
When talking with their neighbor about the local baseball team.
When the customer encounters a problem which your product would solve.
When shopping in a store which carries your product.
When helping their children with their homework.
All the time — we need customers to continually have our products in their minds.
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(4)
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Section 2: Brand Performance
Table 1: Brand Performance Metrics
Share of
Sole
Loyalty
(%)
Market
Average
Purchase
Category
Buying
Rate
Penetration
Category
Requirements
(%)
Brand
Share
(%)
(%)
Frequency
Twinings
32
71
3.1
6.3
45
16
Nerada
23
62
3.0
6.8
38
11
Lipton
19
43
2.8
7.2
29
7
Tetley
15
32
2.8
7.6
21
3
Bushells
17
2.5
8.2
18
1
Pukka
8
2.0
9.8
13
Average
100
39
2.7
7.7
27
6
2. Table 1 shows the brand performance metrics over a 6 month time period. Are
there any patterns evident between the brand performance measures in Table 1?
Describe the patterns and differences that you see between the competing
brands, and specifically for Lipton.
(500 words approx.)
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Question 8
In Monopolistic Competition, sellers try to develop differentiated offers for different customer segments.
O True
O False
Moving to another question will save this response.
TOSHIBA
A
F7
NAA
F8
44
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Question 11
Our marketing department have identified a new use for our product which with a slight repositioning could result in a new market in which we can generate sales. Under a SWOT analysis what would this be best described as?
A Strength
B Opportunity
C Threat
D Weakness
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Three themes for your literature review
References (at least five relevant papers)
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Referent
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c)
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Provide assistance to displaced workers
Help survivors thrive
Both A & B
More Communication is significant
b) Rational decision-making approach ideally implies ______ decisions.
Programmed
Non-programmed
Rational
Non-rational
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Q3 (c)
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- Case Study: Petrol price regulation in South Africa In South Africa, government has intervened in and/or regulated markets involved in the manufacture, distribution, and retailing of liquid fuels in various ways since the 1930s without providing formal reasons for doing so. By 1998, the White Paper on Energy Policy referred to 'a labyrinthine set of regulatory controls' (RSA 1998: 5). While the instruments used have changed over time, the evidence suggests that the primary reason for market interventions has been to support investors in various parts of the value chain. This has been achieved by limiting competition. To a lesser extent, there has been a wish to protect motorists from excessive pricing. In addition, over time social policy objectives have become entangled in petrol price regulation. These relate to the promotion of small businesses and job creation. More recently, Black economic empowerment has been added to the list. This mixture of reasons has made it difficult for…arrow_forwardQ1) solve the following mcqs a) At Khaleej Corporation, managers drew up a three-stage plan as they prepared for layoffs. First, they warned employees several months ahead that layoffs were inevitable. Soon thereafter, they held on-site presentations at all locations to explain to employees why the layoffs were needed and to provide as much information as they could about what employees should expect. Represents an example of?" Provide assistance to displaced workers Help survivors thrive Both A & B More Communication is significant b) "An army officer gives his directions on a certain task, his cadets are compelled to follow his instructions. This is an example of ___. " Expert Referent Reward Legitimate c) _____ is the person who serves as one of the key persons in managing change initiatives. Change agent CEO CFO CIOarrow_forwardQ1) solve the following mcqs a) At Khaleej Corporation, managers drew up a three-stage plan as they prepared for layoffs. First, they warned employees several months ahead that layoffs were inevitable. Soon thereafter, they held on-site presentations at all locations to explain to employees why the layoffs were needed and to provide as much information as they could about what employees should expect. Represents an example of?" Provide assistance to displaced workers Help survivors thrive Both A & B More Communication is significant b) Rational decision-making approach ideally implies ______ decisions. Programmed Non-programmed Rational Non-rationalarrow_forward
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SEE MORE QUESTIONS
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Recommended textbooks for you
- Purchasing and Supply Chain ManagementOperations ManagementISBN:9781285869681Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. PattersonPublisher:Cengage Learning
Purchasing and Supply Chain Management
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ISBN:9781285869681
Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:Cengage Learning