preview

The United Kingdom Beverage Market Essay

Better Essays

The United Kingdom Beverage Market

INTRODUCTION

Armstrong Corporation is a food products manufacturing company, with products which include ready-to-eat cereals, frozen pies, snack items and carbonated beverages. Funky-Cola is the flagship brand of the carbonated beverage division. Our company has decided to introduce
Funky-Cola to the United Kingdom beverage market. In this paper, the market potential and opportunities of the country would be investigated in order to affirm our decision to enter into the UK market. Funky-Cola has been doing very well in our Malaysian market. Our company’s sales in the year 2003 amounted to over RM2 billion, with
Funky-Cola contributing 25% of the overall revenues. Because of this strong performance, …show more content…

Since the beginning of its operation, Armstrong Corporation strives to be the pioneer provider for new or latent needs of
Malaysians. Our products, from ready-to-eat cereals to frozen pies, as well as our flagship brand Funky-Cola have been very well received by our local consumers. Funky-Cola was the highlight of our company’s performance by contributing 25% of overall revenues. Our company introduced Funky-Cola as a tasty and fun drink that brings out the funkiness in each and everyone. With the various flavours adapted to local favourites, Funky-Cola appealed to the young and old alike.

Our company constantly seeks market opportunities to develop new products. Our aim is to always be the first to recognize the needs and wants of people. Our strategy is just as simple as being aware of customers’ changing taste and learning from there through our Customer
Care-line.

For the past three years, our company’s performance has been encouragingly improving. Sales have been increasing every year and reached a new milestone of RM2 billion last year. Our company also consists of very capable employees who are loyal towards the goal achievement of the company. Our employees have the capabilities and managerial expertise to venture out into the foreign market.

External Factors

PEST environment

a) Economy

The economy of UK is very stable, with low inflation, low unemployment, low interest rates and has a GDP growth rate of 3.0% per annum (2004). UK is a

Get Access