Today in the world of modernism, it is extremely common for individuals to require an extra boost in order to be able to stay energized throughout their work or school day. Some people consume energy drinks, and others require a cup of coffee every morning. For most people, they simply do not have the time to drink a cup of coffee out of a mug at home where they can't take it along with them. That is why it is essential for the public to have a portable coffee mug. For the marketing assignment, the product category that will be highlighted in this paper is a cup, more specifically, a traveling coffee mug, why this product was chosen, the history of cups and traveling coffee mugs, and three famous traveling coffee mug companies and why they …show more content…
This makes it more convenient for those who travel using bikes or backpacks often; it allows them to be able to accomplish other tasks without having to hold their traveling coffee mug. This convenience causes great customer satisfaction; however, the product being marketed off for this project will be more convent due to the fact that it will keep the traveling coffee cup warm at all times and it is a portable cup. To conclude, Contigo is yet another great competitor as a result of its high quality product and how it adds even more convenience to the traveling coffee cup. (GearPatrol, 2013). The final competitor of the traveling coffee cup that will be marketed for this project is the company called Thermos. Thermos is yet another famous traveling coffee mug brand. One of Thermos' highly rated traveling coffee mugs, their 14-ounce mug, is a great choice for multiple reasons. It's a well sized cup, it has a rubber middle and handle so it's harder to get burned when picking it up, holds cool drinks and most importantly, it keeps the content of the cup on the inside warm, (GearPatrol, 2013). This makes the Thermos an obviously large part of the competition; however, the product that is going to be showcased will have more risk taking opportunities verses the Thermos. Thermos is a great company that is known for their various functions of their coffee cups; however, there are ways for this company to be overpowered. Starbucks, Contigo, and Thermos are powerful competitors against the product being marketed off in this project, but there are opportunities and marketing strategies to achieve higher
Looking at GIS’s revenue exposure, there is little political and sovereign risk as most of their income is sourced from developed economies with stable governments. Political instability or social unrest is not a major concern for GIS. As of 2017, a majority of GIS’s revenue comes from developed countries, with 79.2% of revenue coming from the Americas. 71.5% of total revenue is from the US, followed by 5.8% from Canada and 4.1% from Mainland China. Significant growth was seen in Asia with revenue from China increasing 53.5% year-over-year. Canada’s economy is growing slowly at 1.7% for the third quarter of 2017 and unemployment has dropped below 6% for the first time since 2008. China saw 6.8% GDP growth for the third quarter as
Most adults enjoy having a nice, warm cup of coffee to get them awake. They either drink it in the morning before work, have it on a road trip to not fall asleep behind the wheel, or just love drinking coffee whenever. Surely these people would want to have a superior cup to keep their coffee warm for the longest time possible. Here are a two cups that were compared during this project. First, the Yeti Rambler is a double-wall vacuum insulated cup that can “keep your drink as cold (or hot) as science allows” says Yeti. This makes the Yeti Rambler a significantly modern cup for coffee. Many people have opinions that state that the Yeti Rambler is the best cup of all time! For instance, “Roasty Coffee” ( a popular website all about coffee)
Almost everyone drinks coffee. Most people view it as part of their basic needs. It is normally the first to be consumed whenever a day starts. It is commonly believed that a cup of coffee makes someone brighter and so able to perform his or her duties actively. This is therefore my chosen product. The following sections describes the path the product takes from the producer to reach me as well as to another consumer in another country which will be Brazil in this case.
Essentially, the soft-drink industry is largest beverage industry. It gross millions a year, and has different distribution channels. For example, these soft-drinks are sold in supermarket, Vending Machines, Gas stations, etc. The cost is incomparable to the amount of consumer we currently have in America. If Americans consumer on average 50 gallons in a year. The cost of 2.00 is not missed by the average person. With that said, there is a least likely chance that a person would attempt to duplicate the process at home. The soda making process is too time consuming, and inconvenient when a person can simply can go to the store to purchase. Consumers can either be very loyal to the brand or fickle. Influx in prices can make consumers switch very quickly. However, there are typically incentives associated with loyalty. There are giveaways and contest that entices the customers to keep purchasing. For example, Snapple does this with a real fact on every lid. I personally know people that will buy the product just to read the facts.
This marketing plan will show that the solution to Mr. Coffee’s problem is show that the features and technological improvements, specifically the Wi-Fi option, thermal carafe, and optimal brew temperature feature create a good value and great cup of coffee. The plan will rely heavily on channel and image differentiation. This device will be easier to get than pricey Italian entries and the Mr. Coffee brand will be shown to reestablish brand affinity by keying into pop culture references.
The caffeine in coffee become an ethical increase over alcohol and have become a fashionable social beverage. It was interesting to see how it started off as this very exotic drink only for the upper class and then turned into what it is now. Coffee is a very fashionable drink that does not cost much that many have led their days with in today’s society.
1. Eric Schlosser chose the topic of fast food industry because he became quite inspired after reading an article about illegal immigrants in a strawberry field and how they a suffered in the process. The article was based on an investigation that was placed on the fields while they worked. It was also based on the immense impact that this industry had on society. Schlosser wanted to as said in his book “shed light” to the world on how successful hard working industry works. Also the way American industries portray and work in the diligent industry throughout the years . Since the fast food restaurants are known as one of the most active businesses which makes them a perfect example of what he was trying to convey.
America is known for being one of the unhealthiest nations in the world. This true statement is able to be traced all the way back to what is in our foods: corn, sugar, salt, and fat. Each of these ingredients are generally okay to consume small amounts. Unfortunetly, many Americans are consuming extremely high amounts of these products, simply because the ingredients are in nearly every meal you can think of. In order to fix this dilemma, the government must take action for their responsibility by requiring food labels to be clear and accurate, boost incentives for marketing healthier foods, and end subsidies for corn and soy, all while encouraging the population to consume healthier foods.
In the current retail food industry there are numerous competitors fighting for the same dollar. It is important for each company to identify their target market, identify their competitors, and then build their marketing plan. The information below will detail Kudler Fine Foods marketing strategy which includes expanding its services, improving its efficiency of operations, and increasing the customer purchase cycle. The paper will also discuss areas where Kudler Fine Foods needs to further their market research.
The corporation I chose to discuss is McDonald’s. McDonald’s is a publicly traded corporation that includes the following domestic companies, McDonald’s, Chipotle Mexican Grill, and Boston Market. This paper will discuss the following:
Instead of feeding cattle and chicken with what grow naturally (grass and grain). Chicken and cattle are fed with antibiotics (which forces viruses/bacteria to mutate into something more deadly to humans), growth hormone (Roxarsone), animal by- products (blood, feces, processed feathers) and “rendered meat” (even from “downer” cows, which are not able to walk and at high risk of BSE.) The objective of feeding animals with these ingredients is to ensure the food is affordable to everyone, high in nutritional values and disease-free. However, the article strongly criticizes the costly price humans pay from feeding animals with these inorganic/ridiculous materials. “In 2000, FDA concluded that Roxarsone had spawned drug resistance; and FDA had identified some of the rendered meat being fed to cattle is contaminated with mad cow disease. Consequently, humans are
Keurig Inc has been founded on an amazing idea that coffee making systems that uses individual portion packs of freshly roasted and ground coffee with unique coffee maker designed to brew perfect cup of coffee at a time. At that time there are already established gourmet coffee houses like Starbucks, which is making coffee consumers to spend more money with an average of $ 1.50 or more for a cup of gourmet coffee. This change is consumer behavior created opportunity to Keurig to offer gourmet coffees by a single-cup in offices in 1998. Within a span of four years (1996-2000), Keurig have noticed sales increased by 40% in US at home coffee market. With these facts Keurig´s management got convinced, to develop an at home one-cup coffee brewer especially for gourmet coffee lovers.
As for other coffee consumption facts, brewing coffee at home declined from 2006-2011 with 75% of total coffee sales made “away from home” (High Beam Business, 2012). Furthermore, an interesting study revealed the growth in this target market: “another new and large growing target market within the coffee industry is college-age students and post graduate individuals residing in urban areas. These two segments account for the largest portion of coffee drinkers” (Scribd, 2012, Marketing
The demand for coffee shops is born from the increased number of individuals seeking coffee brewed outside of the home. This creates a larger market for coffee shops. An increased amount of people are starting their mornings off by purchasing breakfast and a cup of coffee away from home (Tuttle 2014), more people are enjoying gourmet coffee (NCA National Coffee Drinking Trends 2015 Infographic), and younger generations are demanding more coffee and coffee drinks from coffee shops (Tuttle 2014, S&D Coffee and Tea inc. 2014, Statista 2015). Coffee shops must compete with at home coffee, work place coffee, and teas for the caffeinated beverage markets (LN 2015). Demand for coffee within different markets varies, and provides competition for coffee shops. Single cup coffee makers, increasingly qualitative instant coffees, and gourmet beans are all sources of competition that could satisfy the demand for coffee. However, coffee shops are becoming more ingrained in social
The drink was no longer just a utilitarian morning stimulant and has a satellite pastime very European style: the windows from floor to ceiling, special atmosphere, soft music, dozens of varieties of coffee. However, besides all this, coffee is a business not only successful, but also has today a huge potential for development.