Tuesday, October 8, 2019
E85 gas vs. regular gas Essay Example | Topics and Well Written Essays - 750 words
E85 gas vs. regular gas - Essay Example Today, E85 is produced from pole to pole and has a strategic role in energy policies of many countries (Kraemer, 2006, p. 128). This paper is to give a general overview of all pros and cons of ethanol use in America specifically. According to the Energy Policy Act of 2005, U.S. fuel suppliers, in the period of 2006-2012, have to increase the amount of added into fuel ethanol from 15 to 28 billion liters. Nowadays, for comparison, the United States consumes annually about 545 billion liters of regular gasoline. However, as a result of the Congress legislative initiatives, more than two trillion miles have been on traveled over, in last 25 years, on fuel mixed with ethanol. Most automobile companies increase production of flexible-fuel vehicles. As a consequence, most modern cars have automated fuel control systems allowing regulating air - fuel ratio sufficiently enough for simultaneous use of E85 and regular gasoline. For example, Ford, a leader in production of environmentally frien dly vehicles, has a range of Flexible Fuel - vehicles that run on E85, pure gasoline, pure ethanol E100 or any mixture of gasoline and ethanol (Focus, C-MAX, Mondeo, Galaxy, S-MAX, F-150, Ford Sedans Crown Victoria, Mercury Grand Marquis, Lincoln Town Car, Escape Hybrid E85) (Byrge & Kliesen, 2008, p. 5). Global interest in alternative (renewable) fuels was imposed, first of all, by different national environmental programs. It is known that the use of renewable fuels in a given region can reduce: â⬠¢ Greenhouse gas emission - by 14 ââ¬â 19% (9, 5 million tons of à ¡Ãž2 in 2008); â⬠¢ Consumption of petroleum products - by 73 - 75 %; â⬠¢ Use of fossil fuels - by 13 - 35 %. In addition to the environmental aspect, use of ethanol - gasoline mixes (E85) has the following advantages compared to regular gasoline: higher octane number, which means lower wear and increased life of a car engine; reduced vehiclesââ¬â¢ service charges; lower cost of E85 at retail; product ion of ethanol supports national economy (agriculture mainly, processing industry and transportation inter alia) (Dale & Pimentel, 2008, p .22). But itââ¬â¢s totally wrong to consider that the use of ethanol has only advantages. Indeed, ethanol allows reducing pollution to some extent, since less carbon monoxide (CO) is emitted during its use. But, because of the high Reid Vapor Pressure, acetaldehyde and nitrogen oxides (NOx) are released, which produce more smog (Cunningham, 2007, p. 280). Companies, that manufacture and operate pipe lines, refuse to add pure 100% ethanol or ethanol containing fuels into their pines because of corrosion. So, starting from 2006, there is a constant shortage of rail-tanks for ethanol transportation. More and more fossil fuels (such as diesel and gasolin
Monday, October 7, 2019
The intersection between ethics and politics in ANIMAL RIGHTS about Essay
The intersection between ethics and politics in ANIMAL RIGHTS about Animal Genetic Testing - Essay Example Animal testing is one of the most ethically gray points in society. One can say that it can is a necessary evil as it is an important factor in keeping technology, as in medical technology. We need to know how certain chemicals can work in our body when dispensed, hence animal testing. In short, the development of drugs is one of the reasons why there is animal testing in the midst. However, we are also aware of the fact that animal testing is brutal as it is (most of the time) done without painkillers ââ¬â meaning, the animals would suffer for the plight of the people, plight of the people that make them miserable and take their services for granted, as they are inferior ââ¬â animals as they are called. There are about 20 million animals that are killed every year for experiments. 75% of the said figure are killed because of medical testing and that the rest of them are killed to try new products (as in animal testing). Ten percent of the 20 million figure are said to be und ergoing procedure without any pain killers. There are many people, especially the animal rights advocates, who oppose the use of animals in medicine and health services, that is true. They are imposing various government to give restrictions on companies and businesses that do not respect animal rights for research. However, this movement is also taking a call to stop as there are also a growing number of people who do not want to stop experimenting on the animals. This is due to the fact - or fear ââ¬â that medical research and technology would stop growing at the rate that it is growing now. This means that the stoppage of the use of animals in research would curtail the growth of the knowledge and scientific progress. Pain is an intrinsic evil. Those people who argue that painful experimentation on animals should be avoided, or stopped (in a perfect world), say that, and anything (or anyone) that causes pain to another creature or animal is immoral. Using the words of Jeremy Bentham, one cannot say (or use the argument) that the animals ââ¬Å"canââ¬â¢t talk, or reasonâ⬠hence they can be used. The real question that should be asked is ââ¬Å"do animals suffer?â⬠The answer is yes. They do suffer because they feel pain. The scientist who conducts research the rat for some new formulation about a new drug knows that the rat feels pain because it needs to know how the human would react if it is subjected to the new drug ââ¬â will the new drug cause pain to the patient or not? Every writhe and struggle of the anilam is recorded and then will be used to improve and design a new drug. Even the fact that the scientist will have to let the animal choose to what its setup is: to have electric shocks or to have hunger, is immoral. Although the data will be used and collected to know whether ulcers of some kind would be formed, the doctor still uses the animal to know how the human mind works as the rat and humans have the same neural responses. Basically, we are like rats. Pain is an intrinsic evil. It does not matter if it is experienced by a man, child or animal. If it is wrong to inflict pain on a human being, then it is wrong to inflict pain on an animal, or any creature for that matter. Another thing that should be
Sunday, October 6, 2019
Economical changes during 2008-09 financial crisis Essay
Economical changes during 2008-09 financial crisis - Essay Example to analyze the evolvement of the current financial crisis, its effects on the economy of United States as well as its financial market, some of the problems the United States may face in the future and also to discuss some of the short term and long term solutions. According to Taylor (2008) financial crisis is the result of monetary or any other form of excesses, which leads to a boom and results in a bust. It can also occur when financial institutions or assets lose its value (Kindleberger and Aliber (2005). It is also characterised by the reduction in flow of credit to the businesses and households (Jickling, 2008). During the period from 2000 to 2007 the monetary policy by the Federal Reserve was highly flexible and easy to follow. Loans and mortgages were easily available even when there was no evident means to repay it. The Federal Reserve lowered the interest rate compared to those prevalent at the time before crisis. They even explained that the lowering of the interest period would be only for a short period of time and that after that time the interest rate would be restored to normal by slowly increasing it at a fixed rate. Thus it is quite evident that the lowering of the interest rate, which resulted in monetary excess, was actual ly a wrong decision by the Federal Reserve. The reason they gave for such an action was to avoid the occurrence of a deflation that occurred in Japan in 1990ââ¬â¢s (Taylor, 2008). Sub prime mortgages were designed actually to make each and every citizen of US, a homeowner. These mortgages were given to those people who were having a very high-risk profile and were on variable interest rates. Most of the banks did this based on the assumption that housing price would continue to rise. This nature of these mortgages resulted in foreclosure of loans when the house prices began to fall. The fall of price of houses resulted in loss of asset value of most of the banks. The housing boom and bust that followed not only affected the
Saturday, October 5, 2019
Corporate social responsiblity Essay Example | Topics and Well Written Essays - 1000 words
Corporate social responsiblity - Essay Example Discussion Product RED Product Red is a cooperative effort of several iconic or popular brands with musician Bono (of the band U2). It was ââ¬Å"created to raise awareness and money for The Global Fund to Fight AIDS, Tuberculosis and Malaria [â⬠¦through] RED-branded products,â⬠(quoted from Ponte, Rickey and Baab, 301). It was launched in Davos in 2006. The various brands include American Express, Apple, Converse, Gap, Emporio Armani, Hallmark and Motorola. A certain percentage of the gross sales in said RED products go to the Global Fund. Red has been used by corporations to sell products or portray themselves as ââ¬Å"caring and coolâ⬠and a marketing tool linked with corporate social responsibility (4). Ponte et al has added that ââ¬Å"RED engages corporations in profitable ââ¬Ëhelpingââ¬â¢ while simultaneously pushing the agenda of CSR towards solving the problems of ââ¬Ëdistant othersââ¬â¢Ã¢â¬ (302). The Ten-Point Plan Bendell and Kleanthous (42) provided the ten point plan in corporate social responsibility as follows: 1. Understanding the brand 2. Understanding the consumer 3. Getting the company in order 4. Handling the program with care 5. Innovation 6. Motivation 7. Collaboration 8. Communication 9. Activate Consumers 10. Measure, monitor and report progress. The various ways and means that RED products can employ the Ten Point plan is as follows: 1. In understanding the brand, Bendell and Kleanthous (42) suggested that a brand perception audit be conducted. For the brands under RED, perception is generally positive due to established reputation and brand awareness. The existing knowledge about these brands serves as the ââ¬Å"true personality.â⬠But aside from the current image, these brands should encompass tradition and creatively explore how the brands affect the environment and society. In employing CSR through Product RED, these companies provided an extension of their already established brands which employ s the model of reputation games (Sacconi, 4). These companies have employed self-regulation as a long-run strategy in implementing social contract (Sacconi, 5), and Product RED is but an addition to their multiple marketing programs aside of course from the complementary ââ¬Å"brandâ⬠weight the founder Bono provides. 2. Consumer awareness is a basic engagement of firms to continuously maintain competitiveness. Aside from demographic data, many firms today explore the psyche and attitudes of consumers to provide them fitting products that address needs and expectations (Szmigin, 3). In the introduction of CSR employing sustainability, Product RED offers customers a chance to meet ethical lifestyles through consumption of the products. The website of Product RED provides a calculator for users to determine the CSR impact of buying a certain product so that with a click, they are informed of how many anti-retroviral pills were contributed through purchase of a RED t-shirt. 3. Be ndell and Kleanthous (42) suggest that the firm should employ all ethical and sustainable means in their system from product development, company operations, to distribution and marketing in a properly audited and monitored process. They propose an ââ¬Å"
Friday, October 4, 2019
Proposal Essay Example | Topics and Well Written Essays - 1750 words - 3
Proposal - Essay Example In web designing all the mistakes made must be identified in good time in order to avoid challenges. Creating a website is not a problem to most of the web designers but making it to be of use is the main challenge. This also includes the power of the website to have a good interface for the customers to love it and increase traffic attendance. Most of the web designers in technology assume that they create a website for themselves by introducing their own interest factors forgetting the needs of the users hence making the website to become dormant. In such sites, there will be no users and traffic will be very low even when new users will be invited to the website. A website designer can make errors when designing the website and assume simple mistakes that will make users to avoid logging online into the website. It is the duty of a web designer to ensure that all constraints and procedures of the website are well followed. Any website designed must be included with a source search engine to be the main reference to the new users joining the website. As a web designer, you must include all the search tools needed in the website and have the right search function. One of the major search engines we have is Google which must be included into the website. Not necessarily, Google search engine, but there also exists other se arch engines like Yahoo and Bing. Most designers prefer to come up with their own search engines to avoid unnecessary advertisements. For a good website there must be an excellent readability and legibility in a way that the interface is well designed and attracts the customers reading the website. All the rules and regulations of the website must be well analyzed and understood by the users in the website. This captures the idea of the website to have a good constructed language that is commonly use by many of the users. Example of a common language is the USA English language that must be used in most of the design sections of
Thursday, October 3, 2019
Food Regulations Essay Example for Free
Food Regulations Essay 1.State the administrative agency which controls the regulation. Explain why this agency and your proposed regulation interest you (briefly). Will this proposed regulation affect you or the business in which you are working? If so, how? Submit a copy of the proposed regulation along with your responses to these five questions. The proposed regulation can be submitted as either a separate Word document (.doc) or Adobe file (.pdf). This means you will submit two attachments to the Week 2 Drop box: (a) a Word document with the questions and your answers and (b) a copy of the proposed regulation you used for this assignment. (10 points) 2.Describe the proposal/change. (10 points) 3.Write the public comment that you would submit to this proposal. If the proposed regulation deadline has already passed, write the comment you would have submitted. Explain briefly what you wish to accomplish with your comment. (10 points) 4.Provide the deadline by which the public comment must be made. (If the date has already passed, please provide when the deadline was). (5 points) 5. Once you have submitted your comment, what will you are legally entitled to do later in the promulgation process (if you should choose to do so)? (See the textbooks discussion of the Administrative Procedure Act.) If the proposal passes, identify and explain the five legal theories you could use in an attempt to have (any) administrative regulation declared invalid and overturned in court. Which of these challenges would be the best way to challenge the regulation you selected for this assignment if you wanted to have the regulation overturned and why? Answer all of these questions for #5 even if you are in favor of your proposed regulation. The response to question 5 should be a minimum of 2ââ¬â3 paragraphs long. (15 points) 1-FDA publishes rules that establish or modify the way it regulates foods, drugs, biologics, cosmetics, radiation-emitting electronic products, and medical devices commodities close to the daily lives of all Americans. FDA rules have considerable impact on the nations health, industries and economy. My concern is that under the federal law, a claim that a food is intended to diagnose, cure, mitigate, treat, or prevent disease makes that food a drug, and is unlawful. However, federal law provides for FDA approval of a health claim, which is a statement that characterizes the relationship of any substance to a disease or health-related condition (e.g. a claim that calcium may reduce the risk of osteoporosis). Under the statutory standard for approval, the claim must be supported by significant scientific agreement. (www.iflr.msu.edu/iflr/courses/united_states_food_laws) 2. The adequacy of federal oversight of food safety recently became the subject of intense media and Congressional scrutiny. The issue came to national prominence when contaminated food caused the death and illness of hundreds of people. The episode served to heighten awareness of the fact that an increasing proportion of the food consumed domestically is imported, and much of it from countries that do not have well established food safety systems. It also began to focus attention on the fact that FDAââ¬â¢s funding has not kept up with the responsibilities that have been heaped upon it over the past several years, and that FDA will need additional legal authority to effectively address some problem areas; they have adequate funding and resources. FDA covered the overall food safety systems of the countries, as well as their food safety systems such as specific commodity areas; i.e. seafood, including molluscan shellfish, imported meat products, vegetables and dairy products (exclu ding Grade A pasteurized milk products). (www.fda.gov/Food/InternationalActivities/Imports/default.htm) 3. The controversy over trans-fat offers an example of how one kind of regulation at the federal level can beget other forms of regulation at the state level. In 2006, an FDA regulation went into effect that requires listing the amount of trans-fat present in a packaged food on the label of that food. FDA did not go so far as to ban the use of trans-fat, something that some consumer groups were advocating. However, shortly after the issuance of FDAââ¬â¢s rule, state and local jurisdictions started stepping into the breach. A number of localities have banned the use of trans-fat in restaurant foods, and some states, such as California, have begun to follow suit. Faced with a patchwork of local requirements and the potential for adverse publicity, some major restaurant chains have reformulated their products to eliminate the use of trans-fat, however, nations wide has not complied or just finds a loophole to go around the system in avoiding such regulations. Another issue is the increasing concern of the status of federal regulation of foods and other products that contain nanomaterial. Both proponents and skeptics of nanotechnology hold the view that industry has raced ahead of regulatory authorities in bringing nanotech products to market, thereby increasing the potential for consumer injury and environmental harm. Thus, there is at least some support for stronger regulatory oversight of nanotech products in general, and of nanotech foods, including food additives and dietary supplements in specific. Recently, FDA announced that it will hold a public hearing to seek input on various aspects of its approach to regulation of nanotechnology. FDA likely will follow up on that hearing with the issuance of guidance documents specific to the product categories that it oversees. (www.mondaq.com/unitedstates/x/146784/Healthcare+Food) 4. By law, anyone should participate in the rule-making process by commenting in writing on rules FDA proposes. FDA routinely allows the public input and carefully considers the comments when it draws up a final rule. Another way to influence the way FDA does business is to petition the agency to issue, change or cancel a regulation, or to take other action. FDA will act to implement a provision of the FDA Amendments Act of 2007 that requires FDA to establish a reportable food registry, and that requires any person who submits a registration for a food facility under the Bioterrorism Act of 2002 to also notify FDA of instances of reportable food. A reportable food is one for which there exists a reasonable probability that use of, or exposure to, the food will cause serious adverse health consequences or death, the same standard that currently applies to Class I recalls, so the practical effect of the new provision should make it mandatory for companies to notify FDA of a Class I recall situation. FDA Petitions require careful preparation by the submitter, they spends considerable time and staff resources processing petitions. Individuals sometimes submit petitions, but most come from regulated industry or consumer groups. For example, a drug company might request a change in labeling for one of its products; a food company might ask that its product be exempted from some provision of a regulation; or a consumer group might petition FDA to tighten regulation of a certain product. (RegistrarCorp.com/FDA-Food) 5. Health claims have been the subject of considerable controversy. After protracted litigation, federal courts ruled that FDA cannot impose an outright ban on claims that have some scientific support but fail to meet the statutory standard of significant scientific agreement. FDAââ¬â¢s strict application of the statutory standard was held to violate the First Amendment of the US Constitution, which protects against government infringement of speech that is not false or misleading. In response to those court decisions, FDA should develop a process for approval of qualified health claims; in order to attempt and describe the strength of the scientific evidence that supports a claim. Qualified health claims should be the subject of controversy in their own right. Some observers believe that qualified health claims are as likely to mislead as to inform consumers, and opposition to their use has grown to the point where Congressional representatives have asked FDA to stop approving them altogether. It remains to be seen how the controversy will be resolved, given that FDAââ¬â¢s current approach was essentially forced on it by the judiciary. (www.iflr.msu.edu/iflr/courses/united_states_food_laws) References: FDA gov Homepage ââ¬â U.S Food and Drug Administration homepage; Retrieved form www.fda.gov January 19th, 2013 US FDA Food Regulations/FDA Beverage Regulations; Retrieved from www.registrarcorp.com/fda-food/index.jsp? January 20, 2013 Importing Food Products into the United States; Retrieved from www.fda.gov/Food/InternationalActivities/Imports/default.htm . January 20, 2013 United States ââ¬â FDA Food Labeling Regulations; Retrieved from www.ladas.com/BULLETINS/1994/0694Bulletin/US_Food
Marketing Mix For Diet Coke Marketing Essay
Marketing Mix For Diet Coke Marketing Essay It allows the preservation and improvement of an organisational competitive position in the market. It is an advantage that allows business to stay alive against its competition. See Coca Cola Companys competitors and positioning in (Appendix1) See Porters competitive advantage and cost advantage in (Appendix 2). When a company brings a new product into a market they must think about who is the product aimed at, what advantage will customers expect, how does the company plan to position the product inside the market and what benefit will the product proffer over their competitors. According to Kotler product have three levels, core product, actual Product and augmented product, see Coca Cola product levels in (Appendix 3) When companies introduce new product, it takes some time to be extensively accepted, at which point its sales and incomes will begin to rise. This will attract other competitors into the market, cause the market to mature. Finally, the market will decline as companies start to introduce the next product, and customers switch to that product. See Coca Cola product life cycle in (Appendix 4) Coca Cola Company provides different type soft drinks like Coke Zero, Diet Coke, Fanta etc. There good image makes the organisation more strong. Coca Cola Company provides good quality products with good taste. They are specialised in soft and fizzy drinks. Coca Cola have created good image in customers mind, their image is reputable and reliable, and it has one of the most well-liked soft drinks available. They have well-known which is why customers feel comfortable in buying Coca Cola products. Coca Cola can market too many different segments. Coca Cola can market their product to teenagers much easier than older people, because teenagers are their target market. See Coca Colas mission statement in (Appendix 5). Distribution in marketing acts importantly to attract customers convenience and organisations use method of distribution to see their ability. Two types of channel of distribution methods are available. Distribution is underneath the group of place, therefore organisations create a precise distribution method so that its readily available to the customers and it can improve possible sales for an organisation. See Coca Cola distribution channels in (Appendix 6). The Coca Cola Company sell its products with bottling and canning operations. The distributors get to the Coca Cola to the wholesalers and the wholesalers get it to retailers and at final the customers buy Coca Cola from retailer shop. If Coca Cola does not work on its distribution services then their bottles are just reachable at their factories then customers may not be keen to get them. Its more appropriate for the customer to buy Coca Cola from a close seller as compared to getting it from factory. Therefore distribution system of an organisation can be both its weakness and strength. Companies should know that their products are available at retailer shops and stores where customers can easily buy it. One of the parts in the marketing mix is pricing. This part of the 4Ps are the one making returns and which is also why it is important that an organisation chooses the right price. Pricing is one of the most significant parts of the Coca Cola Company marketing mix, which makes revenue for them. Coca Cola use different types of pricing strategies. The pricing strategies are standing much on what aims the company has put itself to achieve. See (Appendix 7). Owing to the accessibility of wide variety products the pricing is complete according to the market and geographic segment. Each sub-brand of coca cola has different pricing strategy. Their pricing strategy is base on the competitors pricing, Pepsi is one of their competitor in soft drink industry. The Coca-Cola Company choose their pricing objective they believe will be most effective in dispensing their brand to customer, to do this Coca-Cola use market-skimming pricing. Coca Cola Company use marketing-skimming as there is a enough number of purchasers that have a high demand, also Coca Cola sets an primary high price and then lower the price to make the product available to a extensive market. Coca Cola Company use penetration pricing strategy as they want to hold maximum share of the market by maximum profit. Coca Cola use discount pricing, where their products prices are often become down during sale periods and special occasions, like Christmas, Easter etc. Also Coca Cola use competitor pricing, where to meet the competition pricing, their products pricing are set about the same level as it competitors. Promotional activities are important element because, these activities are performed in order to inform customers about the product and it includes personal selling, adverting, public relations, sales promotion, direct marketing etc. An advertisement, for instance helps a buyer to get to know about the company and it is products, this can be done by bill boards, banners or posters. The benefit of advertisement is that it informs people about different products and services, their utilities, cost and other requirements. The disadvantage is cost because advertising is more expansive. In personal selling companies use their staffs to sell their product after face-to-face communication with the customer and seller efforts to convince a customer to purchase the product. Personal selling is one of the ways to keep good customers relationships, but this method is expensive. Here are some examples of sales promotions activities and it includes buy-one-get-one-free, bonus points, free gift cards, vouchers and coupons, competitions and prize draws, etc. The advantage is that sales promotion can help companies to provide right information to customers, also it encourage repeat purchases and customer loyalty, but the advantages are that it increase price sensitivity and it is generally for a short duration Public relations play an important role in promotion. It can be used to create a good image of the company for example magazines, TV or radio etc. PR is inexpensiveness of the cost, but it is hard to predict about the responses and it increase the risk. Direct marketing is where a company selling their products directly to people such as fliers or street advertising. It allows targeting specific customer and it can be measureable, but it is difficult to get it is direct impact and it can be quite expansive. Coca Cola use different methods of advertisement and the company spends a lot in order to be seen on billboards, radio, magazines, television, and on the internet. The Coca cola Company uses advertising as its key source of increasing buyer consciousness. It mostly uses the television; this source allows the companys products to attract more customers. Coca Cola uses the radio as another method of advertisement and this is a cheaper then TV. They use personal selling, where the company train their sales staffs, which they preform as a representative of the company to the shops. Newspapers and magazines are other forms of advertising that is extensively used by Coca Cola. Moreover, Posters, signs and billboards are also broadly used as an important part of the Coca Cola promotion. Coca Cola billboards are normally placed at the city centres and their posters are usually displayed at the shops, public transport and restaurants like McDonalds, KFC, etc. In addition, Internet is another method where different forms of Coca-Cola advertisements are placed. Specially, the brand online advertisement is assumed through the wide use of banners, on-site sponsorships and several other formats of online advertisements. Marketing mix has three additional elements: People, Process and Physical Evidence People are one of the elements of service marketing mix. People define a service. This mentions to the people who are in straight contact with the customer such as staff. One of the important parts in selling a product is the companys staff because most customers rely on a decent service before purchasing a product. For example, the employees in Coca Cola Company have a standard uniform. The companies always focus on friendly and quick service to its customers from their staffs. The process of the product is essential in marketing. This determines the capability of the product to supply the demand of the consumers. The process at Coca Cola Company is hidden and it is not visible to the customers. Coca Cola has two types of processes which is involves bottling and labelling solutions. The most important stage that Coca Cola consider is control of the company to get products at the agreed time and good quality, and the last step they consider is, the selling of beverage for target customers of distributors. Physical evidence is an important element of marketing mix where customers will base their decisions based on the service which intangible. Companies physical evidence is supported by signs, symbols and artefacts of the business itself. Examples of this would be the signage in Coca Cola which reassures the customer through branding. Coca Cola Company is focusing on target market; when it markets a product it mainly consider on demographic and physiographic segmentations; where demographic segment before it markets it identify the consumer groups in: age, sex, education, race, and occupation, and in physiographic it divides the market into different levels as: lower class, middle class, and upper class to identify their customers. Coca Cola segments different ages. The company focus on whole population in the world, but young generation is the target marketed of the company. Also Coca Cola segments different income levels by packing, where for small income people they has returnable glass bottle, for middle people they has small non returnable bottle and for rich and higher income people, the company has Coca Cola tin. Marketing mix for Diet Coke: Coca Cola developed a new product. This product is a diet drink by the name of Diet Coke. They have designed the marketing mix of product which is detail in below: Product: Diet Coke is a very fresh and tasty diet drink and provide energetic feel with good taste. Diet Coke is available in different sizes of which start from This drink is mainly for the Price: Price of Diet Coke is very suitable as compared to its main competitors. Place: placement has an important role to play in the products success and failure. That is why the company makes sure that the Diet Coke is place in such a way in market that its in reach of every customer. They have very strong distribution channel and their product is available on maximum stores in the city. Promotion: For a product of such high standards like Diet Coke it requires good promotional activities. For this purpose the Coca Cola Company have chosen following promotional tools: for advertisement the company have use different types of media like television, newspaper, magazines, internet and radio. There are some characteristics to a service such as: lack of ownership, intangibility and inseparability. Each of these taken into account when marketing a service, see (Appendix 8). A product is something which is tangible where as a service is intangible. A product is much easier than the service because after marketing and selling a product there is something tangible to be seen by the customers for they are satisfaction but in services they cannot because its intangible. On the whole, the marketing of product is focused on 4Ps in marketing mix i.e. product, price, place, and promotion. The Coca Cola Company consider on their customers demand in order to find out a product that can respond the market demand. First of all, Coca Cola Company focuses on the strength as well as eliminates the weaknesses of marketed products in order to improve products to meet customers demand as much as possible. Secondly, they focus on the pricing factor in product marketing because the price must be set to match with the buying authority of target customers. Thirdly, the Coca Cola focus on place because place of product marketing refers to distribution channels to deliver and sell the product to customers. Finally, they create promote the product in order to convince customers and inspire the sale in a short term. On the other hand, a service is the action that provide for customers. The service marketing is generally use 7Ps which is extended from 4Ps by including people, process and physical evidence. It is important for any business to employ suitable staffs or people. Employing and training of staffs have good impact that is why the Coca Cola Company gives training to their staffs because most of customers will judge the quality of their service from staffs. Therefore, Coca Cola employ staffs that have good and interpersonal skills. Conclusion: The essay shows that marketing mix (4Ps and 7Ps) is a very important part of creating marketing strategy, also it is crucial for a company to implement their marketing concept successfully. The Coca Cola Company develops their product or service to meet the customers needs and wants; then they seem into determining how their consumer going to receive the product and they consider direct or indirect channels of distribution. The Coca Cola Company will decide a price for their products that ensures a profit. Finally, they promote their product by using different advertising methods to attract customers.
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