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Case Study: Colgate

Decent Essays

First of all I would like define the term, product. The word product qualifies a marketing concept. A product is more than a person, place or thing. Nothing is more important to a marketing strategy than the ?product concept?. A product is anything that can be offered to a market for attention, acquisition, use, or consumption and that might satisfy a want or need; it includes physical objects, services, persons, places, organizations, and ideas. In fact, finding the right product concept is one of the four critical objectives of marketing.

Toothpaste is an oral care product. Antacid is a drug while dandruff shampoo is a hygiene product. All of these come under health care products. Therefore, Colgate?s core product is a health care …show more content…

Colgate is fully participating I its growth by offering consumers a range of affordable products. If we look at Colgate, its product line decision includes marketing a new line, which includes products, related to health only. They are marketed through the same channels and usually fall within reasonable prices. Colgate is positioned as a high short-term profit earning company. That?s why it emphasizes on selected items for market growth and profits.

Colgate?s financial strategy is designed to increase gross profit margin and reduce overhead on a continuous basis. Because advertising drives growth, Colgate invests substantially on advertising. I would say that decisions made by Colgate are consistent because it has continuously met or exceeded its target to increase gross margin.

4. Packaging includes the activities of designing and producing the container or wrapper for a product. I would package the products under primary packaging, as in including products immediate container, for example the bottle holding Listerine. There won?t be any secondary package, for example a cardboard box like the one used to package Colgate toothpaste. This is because secondary packages are usually thrown away and contribute to pollution as well as increased investment. My packaging would be designed to protect the product as well as attracting attention in order to

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