Fundamental Of Marketing
MKT 243
INDIVIDUAL ASSIGNMENT(NESTLE MILO)
NAME : SHAHRUL IZANY BIN SHAHIR
MATRIX NO : 2010486584
GROUP : J3BM1112B
LECTURER : MISS NOR FAZLIN BINTI UTEH
INTRODUCTION | 1 | PRODUCT | 2 | PRICING | 3 | PLACE | 4 | PROMOTION | 5-6 |
INTRODUCTION
Nestlé began in Malaysia in 1912 as the Anglo-Swiss Condensed Milk Company in Penang and later, growth and expansion made a move to Kuala Lumpur necessary in
1939. Since 1962, with its first factory in Petaling Jaya, Nestlé Malaysia now manufactures its products in 8 factories and operates from its head office in Petaling
Jaya, and 6 sales offices nationwide.
Milo is a milk beverage with chocolate and malt, produced
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It is both a pricing tool and a promotional device.
* Rebates
A rebate is a cash refund given for the purchase of a product during a specific period.The advantage of a rebate over a simple price reduction for stimulating demand is that arebate is a temporary inducement that can be taken away without altering the basic pricestructure.
3
PLACE
Place relates to decisions about the storing and transporting of products, andalso about selecting the products channel of distribution. These decisions are critical tothe success of an organization. Effective inventory management drives down costs andenhances product quality. Choosing the right distribution channel (i.e. should we sellthrough middleman firms or should we sell directly to the end-user) Direct energy costpressures have eased in recent months. The major distribution channel include withgeographically consideration with the manufacturing place situated. It’s very costeffective way for the firm’s expenses in distribution its products to targeted market.
Product positioning
Having decided its corporate objectives and strategy, Nestlé can set marketingobjectives for each of its product, in this case an individual product which is Milo. Theprimary objective for Milo is to maintain its position as the Malaysia’s number one sellingchocolate malt drink brand. In order to achieve this, Nestlé has to develop a marketingstrategy that will take
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Get Access'Place ' is concerned with various methods of transporting and storing goods, and then making them available for the customer. Getting the right product to the right place at the right time involves the distribution system. The choice of distribution method will depend on a variety of circumstances. It will be more convenient for some manufacturers to sell to wholesalers who then sell to retailers, while others will prefer to sell directly to retailers or customers.
The location of apt areas of production is what determines the overall cost per unit or qualityof the product. For distribution and logistics the factors such as payment of tariffs and
Answer 2- If there should be a single location for all three companies the inventory holding cost will reduce because the product is placing at one location instead of different three locations. Moreover, by doing this the insurance and misplacing of product of cost reduce but in transit of inventory will increase because the shipments are truck load and the distance between customers and distribution centre is far. Furthermore, with this the service level improved which means order fulfilment process improved too. In addition to this, the
This Essay will deal with the Four P’s of marketing as it relates to Folgers Coffee. It will be demonstrated how the marketing function is visible in these four areas. It will also be shown how the coffee giant had lost its lead in market share and then recovered it in the mid 1990’s. We will explore how now that Folgers is being operated by Smuckers, the coffee giant has used some clever marketing schemes.
Overall every component of the process could be considered to relay on each other. First it is fundamental to have a product generating demand within a specific target market. While the product generates demand consequently motivates companies to invest in manufacturing the product. At this point is where facilities come into consideration. Based upon product demand a production structure and distribution strategies are developed; the focus is for each facility to function productively, maximizing profits, avoiding unnecessary expenses (lowering cost), or avoid lost of sale due to lack of correct planning tactics. Once the product has been manufactured it is crucial to deliver to the locations where the consumers
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Whilst making marketing decisions a business must decide their method of marketing. This will then be the way in which all future marketing activities will be planned. This is marketing planning. It has a huge number of benefits for any business. It’s influenced by the strategic plans of the business and its corporate objectives. Large public limited companies such as Nestle will usually have an overall plan for the business and has set objectives which they’re able to achieve. Smaller companies within the business will then create their own marketing plans which fit in with the overall strategic plan. The business has to consider several questions before coming up with the marketing plan:
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P3-Describe how a selected organisation uses marketing research to contribute to the development of its marketing plans
Nowadays, for a company to be successful in the business world one must have a good marketing plan to be successful. One way to accomplish a successful business plan is to use something known as the marketing mix or the four P’s of marketing. These four P’s of marketing are known as the product, place, price, and promotion. If one uses these four P’s one will notice that each of these cover their own part in marketing, which will help make a successful marketing plan. In this paper one will see what each of these four P’s are in marketing. Also one will see how each of these four P’s is used in the marketing plan for Dutch Bros Coffee.
Distribution is very important in the marketing mix because it deals with making products available when and where customers want them. As with all of the elements included in the marketing mix, place/distribution can be the difference between a successful or an unsuccessful business. The specific characteristics of The Olive Barrel’s place/distribution are the store’s physical location, its product distributors, and its availability to the customers.
Operating such dynamic distribution centers is usually very expensive and allows possibilities of product wastage. The high capital requirement to run such large distribution centers produces a natural barrier to entry and smaller firms frizzle out if they try and compete with the larger firms.
Cool & Cool Soft Drinks Company is a start-up business which has made a good profit by selling its products to one particular locality. This is mainly due to the quality and the individuality of the product and can’t deny the fact that there is a
The case focuses on Kellogg’s Special K brand and considers how the marketing of this has changed over time. Marketing is not static – it must be developed as market conditions and customer expectations change.
The purpose of this report is to evaluate Nestle Company industry based on the case study and comprehend how the company develop strategic intent for their business organisations following the analysis of external and internal business environments. I will analyse the strategic management process as firm used to achieve strategic competitiveness and earn above-average returns. I will discuss the strategy formulation that includes business-level strategy and corporate-level strategy.