preview

Marketing 4p's

Decent Essays

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 …show more content…

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

Get Access
Get Access