Marketing mix strategy Essay Example | Topics and Well Written Essays - 750 words

Marketing mix strategy - Essay ExampleVarious researches show that the popularity of nada drinks is continuously increasing and most importantly they are large(p) tough challenges to the soft drinks. Over the past few years consumers have become more inclined towards the energy drinks. According to data provided by P&C Nielson Scantrack, energy drinks occupy almost 23% in the entire market of beverages.3 Considering all these facts, Frucor should introduce one or two new flavors of V within the next fiscal year. Furthermore, the caller-up should introduce the new flavors in a on the whole new package. The V-Orange can be introduced in a completely newly designed can or bottle. Since, energy drinks are impulsive product, attractive cans or bottles should be introduced. Currently, the energy drink is available in the form of 250 ml cans and 500 ml bottles. In order to, go through more into the market, Frucor should introduce more product sizes. ... In simple terminology demand of energy drinks is increasing in a consistent manner. In such a situation, the company should not lower the termss so that more remuneration can be made. However, the company should introduce some attractive schemes. For instance, it can reduce the price by 2-3% in case of bulk purchase. Furthermore, special price can be offered whenever at least three different flavors are purchased together. Place V energy drinks reach the final customers i.e. the consumers through various distributors. in that location are some big distributors like Metro Beverage Co and Kellys Distributors that sells V energy drinks to the retailers.4 The important fact is that V is only exchange in the markets of Australia and New Zealand. However, in order to remain competitive in the global energy drinks market in the long run, Frucor should focus on the abroad market. Initially it should target the developing economies like China, India and Russia. Consumers, in these countries are becoming stronger in te rms of their spending power. As a result, it is quite likely that the energy drinks will be more in demand in these countries. Frucor should try to form strategic alliances with some of the major distributors in these markets. In fact the company can get itself involved into some joint ventures with some of the local beverage companies that will produce the product on behalf of Frucor. A strong distribution network in the developing nations can give sustainable competitive advantage to both V as well as its owner. Promotion In this marketing driven business world, promotion is viewed as one of the most crucial aspects for achieving long term success. The company should focus on online interface to advance the brand V. Energy drinks are likely to be consumed mainly by the