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Final Exam
Final Exam
Final Exam:
1. Quoting the definition of Marketing by Kotler and Armstrong, how this
concept was applied in the campaign? and explain why?
According to Kotler, in 2018, marketing is a process by which companies create
value for the customer by also building a strong relationship with the customer to
capture customer value in return. So this concept can be seen in Coca-Cola's
campaign since it is an innovative idea applied to the daily life of the public, which
managed to have a close and strong relationship with the product and the brand,
fulfilling the delivery of the value proposition and creating a strong relationship
between the consumer and the brand.
3. Infer and explain, what kind of Price Strategy, could be used in the campaign
at the moment to put the product in the market? and why?
Coca-Cola could use the following Market-Skimming Pricing strategy at the time of
product launch, as it involves companies setting high initial prices at the time of
product launch. Since Coca-Cola is a big name company that invests too much
money in its marketing plans, which gives the customer a perspective of the value
of the product, as well as the quality of its drinks, the customer will not have any
problem paying a certain amount of money for products of this brand.
4. Explain how the company could develop the Place/Distribution Strategy of the
product, to guarantee the advertising campaign’s value proposition, and why?