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

Marketing mix strategy - Essay compositors caseVarious researches show that the popularity of brawn drinks is continuously increasing and most strategicly they ar giving rugged challenges to the soft drinks. Over the past few years consumers have become much inclined towards the capability drinks. According to data provided by P&C Nielson S supporttrack, 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 at heart the next fiscal year. Furthermore, the conjunction should introduce the new flavors in a completely new package. The V-Orange gouge be introduced in a completely newly designed elicit or bottle. Since, energy drinks are impulsive crossway, attractive cans or bottles should be introduced. Currently, the energy drink is available in the unionise 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 words demand of energy drinks is increasing in a un incompatibleiated manner. In such a situation, the company should not lower the prices so that more profits 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. There 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 sold in the markets of Australia and New Zealand. However, in order to remain warlike in the global energy drinks market in the long run, Frucor should focus on the foreign market. ab initio it should target the developing economies like China, India and Russia. Consumers, in these countries are becomin g stronger in terms 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 selling 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 promote the brand V. Energy drinks are likely to be consumed in the main by the