Coca Cola Branding Strategy

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Coca Cola Branding is an issue in any product strategy. (Kotler, 2002) Coca cola is known brand around the world which receives a premium price. Coca cola has developed a large loyalty to their brand and market, an example is Coca Cola Classic (a pack of six) can be sold for $ 2.50. The store brand which is same as Coca Cola in its ingredients cost you only $1 for a six-pack. Customers have no problem paying ‘brand tax’ for Coca Cola. Coca Cola is a premier brand and one of the premier brands in the world and is ranked No. 1 having sold more than $ 67 billion. Branding Strategy Earlier Coca-Cola branding strategy was based on three A’s (Daye, 2007) * Availability * Acceptability * Affordability These enabled huge growth to Coca Cola and the company encountered low entry barriers due to it. In today’s times Coca Cola focuses its branding strategy on three P’s. (Daye, 2007) * Preference * Pervasive penetration * Price-related value The soft drink market or cola market is defined as very competitive frame of reference by competitive companies but coke perceives its business as ‘share of human liquid consumption’. Because of this water has also become competition for Coke. Coca Cola feels it is ‘within an arm’s reach of desire’ Brand Building is very important and crucial for the management of Coca Cola. To track their progress the company tests twenty brand characteristics with 4000 test consumers every month. The last fact for Coca Cola is that ‘Coca Cola’ is the second most used phrase in the world. (Daye, 2007) The advertising of Coke has a large impact on the culture in America. It is credited of inventing the new Santa in white and red clothes. Anywhere in North America you will always find advertising for Coke and especially in Atlanta where their home offices are. Coke has many different slogans used for the product. It is

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