Summary of Promotion
Mix of Coca Cola
Hitesh
Bhasin wrote an article on marketing mix of Coca Cola Company. According to the
article, Coca Cola Company is used to change their promotion mix and marketing
mix with the passage of time. There are currently successfully handling 3300
products because of their strong promotion mix strategies (Bhasin, 2019). After presenting an
overview about the place, price, and product of Coca Cola Bhasin discussed
promotional mix in detail. Considering the research findings of the article,
Coca cola company increase market demand and change the behavior of their
target market through value based advertisement.
The article
provides information about the promotional mix components selected by the Coca
Cola Company in the last few years. How in the past few years the company
promoted its products? And what are the selected promotional mix components by
Coca Cola Company are the main topics of discussion in this article? According
to the article, the company is mainly involved in the advertisement campaigns
by following the pull strategy for marketing (Bhasin, 2019). Continuous
advertisement benefits the organization in creating a brand image in the minds
of consumers. For the purpose of advertisement, they have selected celebrities
as brand ambassadors from each targeted market. Key brand ambassadors are Aamir
Khan, Vijay, Shahrukh Khan, and Hrithik Roshan. Moreover, other than this, the
company is also increasing its sales by providing price discounts and allowances
to its supply chain, particularly to its product distributors and
retailers.
Compare to Text with Promotion
Mix of Coca Cola
As a
student of business, I learned several strategies, components, techniques and
tools of marketing. I learned important theories and information about the 4Ps
of the marketing mix that enable a company to work effectively and successfully
in the market. Specifically, during the last work, I studied the topic of
personal selling in the marketing mix along with the process and steps required
for this personal selling process. Course material provided information about
the promotional mix that was presented in this article also. The article
relates to the previous work and business related topics learned and studied in
this course as the article provides practical knowledge of these concepts and
theories.
Personal Experience of
Promotion Mix of Coca Cola
In
accordance with my personal views and experience, I can say that after reading
this article I found it really informative and supportive kind of material.
Basically, it discussed the real life example or application of promotional mix
components by the famous and successful company Coca Cola. Thus, through
reading this article I will say that the article increased my information and
knowledge about the practical implications of these promotional mix components
and strategies. Now I have a better understanding of promotional mix and I
relate this knowledge to my learned theories (at class) also to understand
future course work.
Other
than this article also provides information about CSR strategies of the company
that works as a marketing tool but usually don't addressed by the many writers
while discussing promotional mix. Somehow, through reading this article I
collected information about CSR also to understand how CSR is the modern tool
of marketing to ensure sustainability. The article didn't discuss CSR in detail
but the brief introduction was also enough to grab attention about this
important marketing tool. (Bhasin, 2019)
References of Promotion
Mix of Coca Cola
Bhasin, H. (2019). Marketing mix of Coca Cola –
Coca cola marketing mix. Retrieved from www.marketing91.com:
https://www.marketing91.com/marketing-mix-coca-cola/
.