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3) Based on your assessment of the competitive situation, what is your recommendation for Squirt?
As per statistics,
- 12.5% of US population consisted of the hispanic community which is 35.3 million in the year 2000 (p.178). Squirt enjoyed 5.56% (54.6 million) of the total market share with 12% of volume breakdown of Hispanics. (p.177). This deduces that 6.5 million Squirt bottles were sold to the Hispanic population. (lowest when compared to African Americans and Caucasions). 35% of the Hispanic population is under 18 years old.

Our recommendations to Squirt are as follows - Squirt should pursue market development targetting a multicultural, 18-24 year old segment in order to tap into this heavy carbonated soft drink user segment that targets both Hispanic and African American community. Targeting both these markets could be very beneficial if they continue to grow in the future which will also help develop brand loyalty at a young age. Squirt should focus primarily on developing the California market due to 77% of Hispanic population being Mexican descent in California and Squirt is already popular in Mexico. We also see opportunity that, New York, NY has the largest Hispanics residence (p.179) but was the largest market without a Squirt bottler (p.170). It is also our recommendation that Squirt taps into the New York, NY market either through bottler ownership or Franchisee. According to Strategy Research Corp, (p.180) majority of this ethinic groups prefer to view and hear ads in their local language. Hence, attention must be drawn to Squirt’s advertising and promotion plan but should avoid hard selling techniques. It is our recommendation that Squirt approaches these new markets with a customer focused sales approach that appeals to the prospect’s cultural preferences in order to make the brand relatable while building even greater customer

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