Coca-Cola Marketing Mix

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Coca-Cola Company Marketing Mix Christian Wheeler MKT 421 March 26, 2014 Dr. Renee Green Coca-Cola Company Marketing Mix In order to successfully market a product, there must be a plan. One of the key components to this is called a marketing mix. A marketing mix is what marketers use to strategically form a plan to develop and promote the product or service. The mix is comprised of four elements. They are commonly referred to as the four P’s. Product, place, price and promotion are what make the marketing mix. (Kotler & Keller, 2012, page 12) Every product and service whether successful or not employ this tactic. Soft drinks have been around for many years. None has endured great success as Coca-Cola. It has incorporated a number of other brands like Dr. Pepper and Sprite. In addition, it has also expanded itself to produce fruit juices and sports drinks. Unlike other soft drink companies, Coca-Cola throughout the decades has had a positive marketing campaign despite some periodic failures. Since the beginning, its business strategy is based upon three principles. Cola-Cola main focus is acceptability, affordability, and availability, all ensuring that customers get their products daily that it’s the best price and that it is around everywhere. Ensuring that this remains, Coca-Cola is the leading company to incorporate successful marketing mix. The second element is the place, which is more about distribution than anything else. The distribution process is about Coca-Cola getting their products to customers in the most efficient and economical way. It is a key element in what it offers, and it has strategically done so. In every supermarket, retail stores, vendors, to the common hot dog stand, Coca-Cola products are there. They are supplied in cans, bottles, fountain drinks in restaurants and soda machines just

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