Tuesday, June 18, 2019
International Marketing Essay Example | Topics and Well Written Essays - 3000 words - 6
International Marketing - Essay Exampleattitudes of consumer sophistication and exploiting the opportunities for breaking innovations with the companys exclusive business operations (Belderbous & Zou, 2007).Coca-Cola follows a perfect blend of standardisation and adaptation strategies for its marketing mix worldwide. It follows the standardisation approach by offering the similar range of beverages in the equivalent variants across the globe and communicates a uniform message in every international market so that the consumers can develop a strong defacement image and develop associations with the aforesaid(prenominal) stain at a worldwide level. In order to reach the target market effectively in every(prenominal) its international operations, it has ensured that there is unanimity in its marketing mix that comprises of product, place, price and promotion.The foremost area of focus is the product range offered to the consumers in the international markets. It has the same logo, brand image, target market, reputation, brand loyalty, brand awareness and perceived quality in foreign markets. The success of maintaining consistency among worldwide operations is the economies of scale that it has achieved by effectively integrating all its business operations. The contributing factor of the efficient economies of scale is the competent running of a large-scale system of franchising for its operations of bottling.In terms of pricing, it has adopted a standardisation method by offering the varying variants of the products at affordable price ranges. The main aim of the company is to be the most easily fond soft drink that people can buy anytime anywhere round the globe. For instance, it charges a constant price across the countries as it is offering consistent reek and quality to the customers by implementing the standard operating procedures and processes in all its manufacturing plants. A standard price allows consumers to trust the brand and this also adds o n towards the credibility and brand loyalty of the consumers towards
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