Course Work Assignment (20%):
Subject: Marketing: Theory and Practice
Subject Code: 06MKG0013A
Instructor: LEE, C.Y.
Name: 胡斯瑩 / 鄭子鈞 / 鄭志明/ 葉銘軒
Due Date: August 30th, 2011
1. Brand Description
The brand we have chosen for our research is ‘Vitasoy’ and in brief it is commonly known as ‘Vita’. The product we have selected is the beverage ‘Lemon Tea’. It is a product produced in Hong Kong. The aim of the company was to promote healthy beverages to its consumer. The popularity of Vitasoy began in the late 1940’s when soy bean products were introduced such as the ‘Soy Bean Milk’ and ‘Malt Soy Bean Milk’. During the 1980’s, Vitasoy began to introduce different fruit products to its industry and market. This was a successful
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In this project, we have chosen a single target group from out of the majority that has given Vita a strong competitive edge in the market. This target group are ‘local Hong Kong students’ ranging from age 11-18. (Try to use more segmentation variables) For over years of selling and promoting advertisement on television, we have noticed that Vita has held back from its original sell point of ‘health’ to sell ‘style’ and ‘image’ to its customer. Nowadays, there are many commercials and magazine advertisements showing young / popular idols holding a Vita product to persuade students to buy their product. Through advertisement it shows that the target group has changed over the past few years. Mentally, students have been captured by this image in the magazine and are persuaded to buy the product because of their famous idol.
4. The Brand’s current Marketing Mix
a) Product and Service- The products major offering to its customers include its convenience, its health assurance and its taste.
First of all, the product is very convenient because its packaging is small, easy for storage and it does not weight a lot. The packaging is very delicate because inside of the beverage is a layer of foil which keeps the drink refrigerated (within room temperature), it seals the freshness of
Some of the most important ways of attracting a consumer with an advertisement is to establish ethos and credibility. If a business creates and advertisement for a product and supports their product with research to back up their claims, the consumer will more than likely get the product and spread the word of it with their friends and family. According to Shintaro Okazaki, Barbara Mueller, and Sandra Diehl, “Although researchers have explored the prevalence of GCCP and examined the content of such advertisements, limited attention has been paid to the consumer perspective” (Okazaki, S., Mueller, B., and Diehl, S., 259). Some businesses may develop surveys to get an idea of the consumer’s interests and to help shape the product the business is trying to push forward. According to Shintaro Okazaki, Barbara Mueller, and Sandra Diehl, “A structured research design is described, including hypotheses, the creation of fictitious advertising, pre-survey examination,
In this paper we will explore how advertisements cultivate a woman’s need for consumerism as a part of their own self image. George Gerbner, the founder of cultivation theory, argued that television has the ability to impact the way that people percieve certain message and influence their everyday life. In this study, we will conduct a content analysis of quantitative and qualitative measures that will study fashion advertisements. Each advertisement will be critiqued by a set of questions to help find any pattern or correlation between attributes that may have an impact on female consumers. A sample population will be drawn at random on three different occasions containing women from the ages of 18-30. In the first group each individual
Advertising plays a huge role in why people buy what they buy. This paper will discuss the different techniques used by brands in order to appeal to the intended group they are targeting. Some brands try to appeal to the most amount of people possible. However, some brands have a specific niche of people they try to appeal to. McDonalds is an example of a brand that tries to appeal to everyone. It has a general message that everyone can get behind, and they market it correctly. This is why they are one of the biggest brands in existence. However, Gymshark is a brand that tries to appeal to a specific niche of people. Their goal is to be the next Nike. They try to appeal to athletic people, who workout very often. Their products are similar to Nike, but they are specifically
Product means the ‘good and also service’ combination the organization offers to the target market. The retailer’s solution assortment must meet target shopper’s objectives. The retailer must determine both product assortments’ width and depth. Another product selection element is quality of the good: customer is interested not simply in the selection of choice but also in the products the product offered. There are three major product variables: product assortments, services mix
26) Which of the following best describes the category in which the offering 's service mix is distinguished? “People patronize restaurants for both food and service.”
In this reading, I will be discussing the different categories in which advertisers have placed consumers to distinguish them from one another using their values, attitudes, and life-style. According to the writer of American culture and advertisement James B. Twitchell, “the object of much consumer research is not to try to twist their feathers so that they will flock to your product, but to position your product in such a place that they will have to fly by it and perhaps stop to roost. After roosting, they will eventually think that this is part of their flyway and return to it again and again” (p. 178). The proposition of stereotyping consumer lifestyles is a very effective way of marketing goods and services. The VALS2 strategy of marketing segment, target, and position used by advertisers is based on research; which means, marketers know more about consumer behaviors than what we think. This is an important issue because it’s necessary to raise awareness in society about the advantages and disadvantages that this can bring. After having evaluated all given points; this article is an eye opener for those who have any doubts about what consumers mean to large companies and advertisers.
The products I use in the bathroom, the coffee I drink, and the clothes I wear are influenced by marketing. The commercials convinced me to try soap products, toothpaste, and the coffee I drink. Marketing may persuade one to try a new product but ultimately the product or services must live up to the “hype” to keep consumers coming back.
A marketing strategy is the combination of the target market, or the customers the marketing is intended to reach, and the marketing mix. Product, price, place, and promotion are components of the marketing mix, or the four p’s, which create a value for the customer (Perreault, Cannon, & McCarthy, 2009). For this reason, the customer, who is not part of the marketing mix, is the center of the target, surrounded by the elements of the marketing mix. The ultimate goal of a marketing strategy is to create value for the customer, which allows the organization to increase customer satisfaction and results in repeat customers and additional equity for the organization (Armstrong &
Advertising is an ever-present form of propaganda in our lives. Four common techniques are often observed in the advertising we see and hear every day. One technique, the testimonial, involves a well-known person appearing on behalf of a product being sold. The assumption is that if we like Cher and admire her looks, we will buy the product that she endorses. Another common technique, the bandwagon, makes us want to be “one of the gang”. This uses phrases like “everybody’s switching to..” and “all across America people are discovering…”. The plainfolks propaganda technique is especially popular now. We see and hear regular consumers talk about their experiences using certain brand of coffee, headache remedy, or phone company. A final technique,
One of the reasons why fruit juice is chosen to be the new product is the threat from the natural food trend. People are learning what is better for them and start preferring natural foods rather than nutritional supplements. They consider absorbing nutrients from natural foods is better or enough for them. Moreover, consumers are using beverages and food to manage health issues today. For example, many consumers are seeking foods like whole grains and avoiding trans fat and cholesterol to manage diabetes (Hartman Group 2015). The trend of inclining natural food has threatened the whole vitamins and supplements industry. The general public may not fully understand nutritional supplements as the company does. Medically, nutritional supplements
Advertisement is a part of our everyday life. Advertisement is everywhere we go. We see it on television, in magazines, in newspapers, and whenever we decide to surf the internet. Advertising companies spend millions of dollars a year trying to get people to purchase their products. One of the most common advertisements that audiences see is cosmetics. Here in America, beauty and having a youthful appearance are some things that are valued. As many women age, they look for products to help them maintain a youthful appearance. So, when women see a Philosophy’s Renewed Hope in a Jar Moisturizer advertisement, they will want to purchase it and other products that just like it. Women will spend lots of money in order to maintain a youthful appearance. The advertisement uses analytical devices such as content, font, and color to heighten the desire to buy
An effective 'Marketing Mix ' including all 7 is a way of identifying a business’s achievements of marketing objectives, meeting customer needs, is balanced and consistent, creates a competitive advantage and matches corporate resources.
Discuss the marketing mix components: product strategy (position, branding), pricing strategy, distribution (marketing channel) concept, and promotional (marketing communication) strategy.
Branding has been effectively used as a strategic tool for marketing by innocent smoothies and that helps the company to maintain its share in the market or in keeping its competitive position. Innocent has developed its brand image by providing excellent satisfaction, by being genuine, healthy and socially responsible in the eyes of their consumers and once the image is developed, they were able to attract the customers. It is because of brand and its perceived value that consumers are loyal and committed to the Innocent products and they do not look for any substitutes (Ginden, 1993). Customers also perceive it less risky in buying a brand product with which they are emotionally attached. It is more important for products like innocent drinks which the customers have to consume and which has direct impact on their health and body.
Qns: Discuss the 4 major characteristics of services and the marketing strategies available for the service organization.