Product strategy and pricing strategy

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Reference no: EM133481042

THE TOPIC IS COCA-COLA COMPANY

Marketing Mix (4Ps)

Product Strategy

Briefly describe the product or service. Where is it in the product life cycle? What recommendations do u* have for improving the offering to fit the target market's needs? Be sure to consider:

1. What level of quality and consistency does the offering have?

2. How many features does it have and can they be removed or added?

3. How well does the product or service deliver what the customer values? How can it improve?

4. What improvements would help the offering compete more effectively?

Pricing Strategy

How is the company's product or service priced today? How does this compare to competitors, assuming competitors are at or near break-even point with their pricing? Analyze pricing alternatives and make recommendations about pricing going forward based on the following:

1. How sensitive are the customers to changes in price?

2. What revenue do u* need to break even and achieve profitability?

3. What does the price say about the product in terms of value, quality, prestige, etc.?

Reference no: EM133481042

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