Coca Cola Case Study

Marketing research is very important component of a business used to identify and define the opportunities and problems that they will encounter on the market. The aim

Before launching or expanding a business venture, there needs to be an understanding of the industry, its competitors, and its customers. Market research is vital in assisting companies in the decision-making process and their marketing direction. Data from marketing research is important because it provides companies with ways to identify opportunities, identify market potential, minimize chances of loss, devise effective marketing strategies, gauge customer satisfaction, and serve as an evaluation tool.

Market research is utilized by companies to make the right decisions when it comes to

Marketing research is what informs business’s make decisions by helping it to understand the changing dynamics of its market. This involves finding out more about customers, competitors and the overall marketing environment.

Market research can provide companies with vital information which allows them to make choices based on what the customer wants. It can allow businesses to predict what might happen in the future of a

Selling Coke was structurally identical to religion: in a rootless population of immigrants, the Coca-Cola brand--any brand--offered the comfort of familiarity, and People love the brand, the advertises and their main goal is to bring people together(Bayley, 2015). Coca Cola have put their products in many places, India and Pakistan is one of those places. Coke strategy is done very efficiently and very smart, their market Coca cola by sending a messages to other countries, share a coke and start a healthy relationship,. Customers who want or need the benefits of the product or service will make the purchase, so coke call to the cognitive part of all of its customers. As stated Ogden, J. R., & Ogden, D. T. (2014), “ An example of a company that uses segmentation analysis isCoca Cola, there is a different segment of people for each product, People who buy Diet Coke are different from the segment that prefers Classic Coke, which is different from those that prefer Caffeine,”( section 2.5). Their main advertising is the Coke Machine. You can see that each location has people waiting to get their drink and have the opportunity to use the interactive Coke machine. This type of advertisement is not only getting new markets to buy their product but using the product to overcome adversity bringing different cultures together (Bayley,

Market research helps the organisation to identify the most appropriate marketing mix. The mix should consist of the right

Most Coke products satisfy entirely age groups as it is proven that most people of different age groups drink the Coca Cola product. This market is comparatively large and is open to both genders, thereby letting greater product diversification.

Coca-Cola’s value proposition is unique in that is has a patented secret formula that others can only imitate. They have over 500 brands and 3500 products worldwide including soft drinks, water, juice, coffees, teas, decaffeinated, low calorie, zero calorie, and energy drinks that meet every kind of thirst need. They usually provide the best sale prices on many different size of drinks. They offer Coke Rewards where individuals can get free drinks, clothing and amusement park tickets.

Another important weakness is that the company’s products are seen as a major cause of obesity. (Melser, 2013) The beverage sales are affected by various factors including change in trends and preferences. Recently, beverage sales have fallen because of people’s increased preference for the health drinks. Around the world, obesity is a major problem and the Coca Cola products are seen as a major cause of obesity. As people are getting health conscious they are moving towards low calorie healthy drinks. This affects coca cola’s profitability and popularity. However, the brand can overcome this situation by increasing the number of low calorie products in its brand portfolio. It will need to add more healthy choices for its customers in its product portfolio.

Firstly we start with the sociological or also known as demography. This is the study of human population from many perspective such as race, ethnicity, gender and many other. For Coca Cola to serve in different country require a many marketing research to be done. Coca Cola currently serves in 6 different region which is the North America, Latin America, Europe Eurasia, Africa, and Asia Pacific. Different country has different type of demand for Coca Cola. As consumer now become more health conscious, they have started to develop product such as coke light, coke zero which contain zero sugar content. This is a reactive approach taken by Coca Cola to adapt to the ever changing environment in order to stay competitive in the industry.

Coca Cola’s international achievement can be attributed to numerous of things, but in order to think globally one must first think locally. This is the main message that Coca Cola Company place huge emphasis on whenever they are entering a country. (Miller) Coca Cola has formatted its approach strategically using a tactical method, this is done to provide the appropriate marketing activities and beverage to its customers. As part of Coca Cola vision to taste the same around the world, they have chosen to standardize its product and manufacturing process. In Trinidad and Tobago the local name for Coca Cola is “Coke”. From the perspective of consumers the key conceptual categories are not the flavours and colas that marketer hold in high regard, but what we refer to locally as the ‘black’ sweet drink. (Miller) Trinbagonian’s are particularly fond of sugar and sweet products this is linked to the days of the sugar cane field. Coke came into Trinidad in 1939, while under the British Government. (Miller)

Coca-Cola delivers on an expectation every time a can is cracked. Drinkers expect it to taste and look a certain way. Imagine if you noticed (with no prior warning) the Coke was a chunky slime green just as you were taking your first sip. We feel protected when we

Business market research is the process of collecting data to determine whether the service will satisfy the needs of customers. With effective market research, Lufthansa Technik Malta can gain invaluable information about the marketing, the competitors, the customers, and economic changes. Market research will enable the company make informed choices, thus helping to develop a successful marketing strategy. It is used to identify and define market targets, opportunities and problems. It generates well founded marketing objectives. Market research assists in the formulation of marketing strategies and evaluates the success of these marketing

Coca-Cola is a soft drink that is carbonate, which is produced by The Coca-Cola Company of Georgia and Atlanta, which is frequently simplified and referred to as “Coke”. The Coca-Cola Company has existed since 1944, March 27th. The Coca-Cola Company has introduced other soft drinks under the Coca-Cola Company such as Diet Coke, Coca-Cola Zero, Coca-Cola Cherry, Coca-Cola Vanilla and the company furthermore introduced unique versions containing lime, coffee and lemon. Coca-Cola is served and drank worldwide, it is reported that Coca-Cola products exist in more than 200 countries globally witch consumers who consume over 1.8 Billion Coco-Cola beverage servings daily. Coca-Cola or “Coke” Is renowned for its strong brand status, it is rumoured to be the world’s most valuable brand. Coca-Cola beverages come in different packages and can be conveniently found anywhere, In Restaurants , Office Buildings, Vending Machines, “Spaza Shops”, Street Vender’s, Markets and shops rather than its competitors.