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The marketing mix is used within the implementation of the marketing strategy. Please select one of the industries listed below, and search for information about the marketing mix used by at least two companies in your selected industry:
- soft drink,
- fast food/restaurant,
- hotel,
- cell phone provider,
- banking,
- automobile,
- airline, or
- entertainment.
Provide an example of the four areas of the marketing mix—product, price, placement, and promotion—used by each of your selected companies.
Discuss where their marketing mix strategies are similar and where they are different. Explain why.
Identify the product positioning and brand strategy used by your two chosen companies. Relate the importance of product positioning to their brand strategy.
Also, consider the element of ethical promotion and social responsibility toward consumers.
In addition to company websites, http://www.ibisworld.com/ and http://www.mergent.com/ are excellent resources to find information about markets and individual companies.
Your research project must include an introduction. You must also reference at least one journal article from the CSU Online Library and two articles from business-related or news websites; therefore, your essay should be supported by at least three sources. Your research project must be at least four pages in length and double-spaced, not counting the title and reference pages. All sources used must be referenced; paraphrased and quoted material must have accompanying citations. Use APA style guidelines for formatting. An abstract is not required.
You don’t have to worry about the one from csu. I talk to my professor and he said the outside ones are good.
Answer preview
Modern societies have witnessed rapid developments in the beverage industry. Soft drinks have emerged as some of the most popular non-alcoholic beverages as they easily fit into people’s different meals and snack plans. With people having busier lives and very little time to cook food or even eat, snacks have become recurrent features in people’s consumption habits. The leading players in the non-alcoholic beverage industry are Coca-Cola and Pepsi. These two brands have dominated the sector for an extended period, making them subjects of interest. A marketing mix provides an interesting insight into business by addressing key components that appeal to an entity (Išoraitė, 2016). Given the extended dominance of Coca-Cola and Pepsi in the beverage industry, this paper assesses their business modes to discern comparisons and variances in their marketing mix.
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