...consumers see the advantages of consuming these types of beverages. These types of drinks are beneficial to health and hectic lifestyles. One change in the market is that more consumers are shifting to nutraceutical drinks because of the increased health benefits. Another change is increasing competition in the market. New companies and new drink versions are joining the market every day. Some are more competitive in price and additional flavors. Some have better packaging and marketing that seems more appealing to younger generations. More experienced brands are targeting older generations that have not been traditionally targeted. Additionally, consumers are demanding more health benefits because of the increasing health awareness trend. They want more vitamins and minerals, more natural ingredients, fewer calories, and less of a crash effect when the boost wears off. Companies that offer the best mix of these characteristics as well as better flavors and more intriguing marketing seem to be more sought-after by consumers. Situational Analysis Reassessment Redbull The situational analysis for Redbull is starting to see some changes. The company has been slowly losing market share to some of the older companies as well as many new companies. Their primary focus had been to expand into new regions globally. Other companies followed their lead but did a better job of giving customers what they wanted in terms of variety...
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...Introduction to marketing- Infinti Caste study: 1- the marketing mix is marketing tool used by various firms in order to meet the needs and wants of the consumer. It contains four main components, product, place, price and promotion also known as the four P’s. There’s an additional three P’s which are people, positioning and packaging. The mix also relies on various factors such as competitors and market research. 2- Within promotion of a product or service there are various techniques used by companies to communicate with their target audience, such as above and below the line promotion. Above the line promotion is used to advertise their product to a mass audience using tools such as the mass media and online advertising. However below the line promotion focuses on their target consumer and not so much the mass public. Below the line promotion is more likely to be seen closer to the point of sale on a much smaller scale. A further difference to these types of promotion is that above the line promotion generally used by larger firms as it is more costly whereas below the line promotion is seen to be more cost effective. 3- Redbull is one of the largest international businesses and are known for the exciting brand image and for their sponsorship tactics. Red Bull's international marketing campaign mainly aims at young men and extreme sports. These can be anything from mountain biking, BMX, motocross, windsurfing, snowboarding, skateboarding, kayaking...
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