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About this document
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- 4 pages
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- Subject
- Business, Marketing
This case study looks at how Coca-Cola GB uses market research to develop a range of products. It explains how the company uses market research to identify consumer needs and develop products to meet them.
What's inside
- Coca-Cola GB's market position
- Expanding product range through internal development and acquisitions
- Consumer-focused product development
- Market segmentation
- Market research methods
- Ansoff's product development matrix
Who it is for: Students of Business, Marketing or Management who are studying case studies. (Undergraduate)
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Summary
Coca-Cola GB's use of market research in product development is the subject. Students learn how Coca-Cola GB uses market research to develop and launch new products.
Soft Drinks Market
The soft drinks market is described. Coca-Cola GB's products are sold in many ways. Coca-Cola GB has over 80 products in the soft drinks category.
Product Range Building
Two ways to build a product range are explained. Coca-Cola GB's approach to product development is outlined. Coca-Cola GB uses market research to innovate and meet consumer needs.
Consumer Focus
Coca-Cola GB's focus on consumer needs is described. Coca-Cola GB's marketing department is central to the organisation. Coca-Cola GB develops new products to meet consumer needs.
Market Segmentation
Market segmentation is explained. Coca-Cola GB uses market research to identify consumer needs in each market segment. Coca-Cola GB designs products to meet these needs.
Key terms
- market research
- The process of collecting, recording and analysing market data.
- product development
- The process of creating a new product or improving an existing one.
- market segmentation
- Dividing a market into distinct groups of buyers with different needs.
- Ansoff Matrix
- A tool for considering product and market development strategies.
- primary research
- Collecting new data, for example through surveys or focus groups.
- secondary research
- Using existing data, for example from reports or internet searches.
Questions this document helps with
- How does Coca-Cola GB use market research?
- What is the Ansoff Matrix?
- What is market segmentation?
Summary written with AI from the document's text.
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