23776125 Country Notebook Cocacola 1

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    Internati

    onalMarketingManagement

    Teammates:Chen ShaboHan JingFeng Huimin

    Jiao YucongTang ShenlanYang ChaoSoweb Salehin

    Country NOTEBOOK

    Professor JensGraff

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    Marketing Plan

    --Exporting Bubble Buzz in China

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    Executive Summary

    The following marketing plan forms the basis for the introduction of an

    innovative new product by the Coca-Cola Company to the Chinese market.

    With the fastest growth of GDP in the global economic recession

    background, China is now attracting more and more foreign investment.

    The rising purchase power of middle-class Chinese is slowly emerging as

    the most desirable target market in the international arena. Our analysis

    will allow us to outline the best strategies for the achievement of the

    companys strategic goals in the biggest country in the Far East. Bubble

    Buzz will be marketed as a unique functional drink while striving to

    reinforce the companys status as the leader in innovation and successful

    product launches. The marketing strategies will enable to reach a market

    size of an estimated 8,688,300 people (targeted) with a forecasted sales

    growth prospect of 7.3% over the next 4 years ($243,029.47 profits), while

    satisfying the needs of the still-unserved Chinese market for ready-to-

    drink bubble tea. Success will be reflected by a sizeable capture of market

    shares within this market, while strategically carrying the company up to

    the top spot as the market leader in the functional drinks segment of soft

    drinks.

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    Cultural Analysis

    I. Introduction

    For centuries China stood as a leading civilization, outpacing the rest ofthe world in the arts and sciences, but in the 19th and early 20thcenturies, the country was beset by civil unrest, major famines, militarydefeats, and foreign occupation. After World War II, the Communistsunder MAO Zedong established an autocratic socialist system that,while ensuring China's sovereignty, imposed strict controls overeveryday life and cost the lives of tens of millions of people. After 1978,MAO's successor DENG Xiaoping and other leaders focused on market-oriented economic development and by 2000 output had quadrupled.For much of the population, living standards have improveddramatically and the room for personal choice has expanded, yetpolitical controls remain tight.

    II. Geographical Setting

    I. Social Institutions

    A. Family

    Family is the most important institution in China. Family consists of

    nuclear family unit in urban areas and extensive forms in rural places

    B. Education

    A. Location:

    Eastern Asia, bordering the East China Sea, Korea Bay, Yellow Sea,and South China Sea, between North Korea and Vietnam

    B. Climate:

    extremely diverse; tropical in south to subarctic in northC. Topography

    world's fourth largest country (after Russia, Canada, and US); Mount

    Everest on the border with Nepal is the world's tallest peak

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    Literacy rate:Total population: 90.9%Male: 95.1%Female: 86.5% (2000 census)

    C. Political System

    Chinese Communist Party or CCP [HU Jintao]; eight registered small

    parties controlled by CCP

    Chief of state: President HU Jintao (since 15 March 2003); Vice

    President XI Jinping (since 15 March 2008)

    Head of government: Premier WEN Jiabao (since 16 March 2003);

    Executive Vice Premier LI Keqiang (17 March 2008), Vice Premier HUI

    Liangyu (since 17 March 2003), Vice Premier ZHANG Deijiang (since 17

    March 2008), and Vice Premier WANG Qishan (since 17 March 2008)

    Cabinet : State Council appointed by National People's Congress

    E lections: president and vice president elected by National People's

    Congress for a five-year term (eligible for a second term); elections last

    held 15-17 March 2008 (next to be held in mid-March 2013); premier

    nominated by president, confirmed by National People's Congress

    Election results: HU Jintao elected president by National People's

    Congress with a total of 2,963 votes; XI Jinping elected vice president

    with a total of 2,919 votes

    D. Legal System

    Based on civil law system; derived from Soviet and continental civil

    code legal principles; legislature retains power to interpret statutes;constitution ambiguous on judicial review of legislation; has notaccepted compulsory ICJ jurisdiction

    I. Religion and Aesthetics

    A. Religion and other belief systems

    Daoist (Taoist), Buddhist, Christian 3%-4%, Muslim 1%-2%

    B. Aesthetics

    Traditional Chinese art including painting, dancing, music, calligraphyand paper cutting art

    Education expenditures:

    1.9% of GDP (1999)

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    I. Living Conditions

    A. Diet and Nutrition

    Regional cultural differences vary greatly within China, giving rise tothe different styles of food across the nation. Traditionally there areeight main regional cuisines, or Eight Great Traditions Anhui,Cantonese, Fujian, Hunan, Jiangsu, Shandong, Sichuan and Zhejiang.Sometimes four of the Eight Great Traditions are given greateremphasis, and are considered to be the dominating culinary heritageof China. They are notably defined along geographical lines: Sichuan(Western China), Cantonese (Southern China), Shandong (NorthernChina), as well as Huaiyang Cuisine (Eastern China), a major stylederived from Jiangsu cuisine and even viewed as the representation ofthat region's cooking.

    In modern times, Beijing cuisine and Shanghai cuisine on occasion arealso cited along with the classical eight regional styles as the Ten Great Traditions. There are also featured Chinese Buddhist cuisine andMuslim sub-cuisines within the greater Chinese cuisine, with anemphasis on vegetarian and halal-based diets respectively.

    B. Clothing

    Traditional Chinese clothing is broadly referred to as hanfu with manyvariations such as traditional Chinese academic dress. Depending onone's status in society, each social class had a different sense offashion. Most Chinese men wore Chinese black cotton shoes, butwealthy higher class people would where tough black leather shoes forformal occasions. Very rich and wealthy men would wear very bright,beautiful silk shoes sometimes having leather on the inside. Womenwould wear bright, silk coated Lotus Shoes under their foot bound feet.Men shoes were mostly less elaborate then women's.

    C. Recreation, sports, and other leisure activities

    Martial arts and Taichi are the most popular activities in China. You can

    always enjoy the centuries-old culture of ancient cities as Xian, Beijingor the vitality of metropolis such as Shanghai and Guangzhou. Pingpong ball is the national sports of Chinese, inside street parks, oncampus, or even in peoples private houses, you will see table tennisfacilities everywhere.

    I. Language

    A. Official Language

    Standard Chinese or Mandarin (Putonghua, based on the Beijing

    dialect)

    http://en.wikipedia.org/wiki/Chinahttp://en.wikipedia.org/wiki/Cuisineshttp://en.wikipedia.org/wiki/Anhui_cuisinehttp://en.wikipedia.org/wiki/Cantonese_cuisinehttp://en.wikipedia.org/wiki/Fujian_cuisinehttp://en.wikipedia.org/wiki/Hunan_cuisinehttp://en.wikipedia.org/wiki/Jiangsu_cuisinehttp://en.wikipedia.org/wiki/Shandong_cuisinehttp://en.wikipedia.org/wiki/Sichuan_cuisinehttp://en.wikipedia.org/wiki/Zhejiang_cuisinehttp://en.wikipedia.org/wiki/Western_Chinahttp://en.wikipedia.org/wiki/Southern_Chinahttp://en.wikipedia.org/wiki/Northern_Chinahttp://en.wikipedia.org/wiki/Northern_Chinahttp://en.wikipedia.org/wiki/Huaiyang_cuisinehttp://en.wikipedia.org/wiki/Eastern_Chinahttp://en.wikipedia.org/wiki/Beijing_cuisinehttp://en.wikipedia.org/wiki/Shanghai_cuisinehttp://en.wikipedia.org/wiki/Chinese_Buddhist_cuisinehttp://en.wikipedia.org/wiki/Chinese_Islamic_cuisinehttp://en.wikipedia.org/wiki/Vegetarianhttp://en.wikipedia.org/wiki/Halalhttp://en.wikipedia.org/wiki/Hanfuhttp://en.wikipedia.org/wiki/Chinese_academic_dresshttp://en.wikipedia.org/w/index.php?title=Lotus_Shoes&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Foot_bound&action=edit&redlink=1http://en.wikipedia.org/wiki/Chinahttp://en.wikipedia.org/wiki/Cuisineshttp://en.wikipedia.org/wiki/Anhui_cuisinehttp://en.wikipedia.org/wiki/Cantonese_cuisinehttp://en.wikipedia.org/wiki/Fujian_cuisinehttp://en.wikipedia.org/wiki/Hunan_cuisinehttp://en.wikipedia.org/wiki/Jiangsu_cuisinehttp://en.wikipedia.org/wiki/Shandong_cuisinehttp://en.wikipedia.org/wiki/Sichuan_cuisinehttp://en.wikipedia.org/wiki/Zhejiang_cuisinehttp://en.wikipedia.org/wiki/Western_Chinahttp://en.wikipedia.org/wiki/Southern_Chinahttp://en.wikipedia.org/wiki/Northern_Chinahttp://en.wikipedia.org/wiki/Northern_Chinahttp://en.wikipedia.org/wiki/Huaiyang_cuisinehttp://en.wikipedia.org/wiki/Eastern_Chinahttp://en.wikipedia.org/wiki/Beijing_cuisinehttp://en.wikipedia.org/wiki/Shanghai_cuisinehttp://en.wikipedia.org/wiki/Chinese_Buddhist_cuisinehttp://en.wikipedia.org/wiki/Chinese_Islamic_cuisinehttp://en.wikipedia.org/wiki/Vegetarianhttp://en.wikipedia.org/wiki/Halalhttp://en.wikipedia.org/wiki/Hanfuhttp://en.wikipedia.org/wiki/Chinese_academic_dresshttp://en.wikipedia.org/w/index.php?title=Lotus_Shoes&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Foot_bound&action=edit&redlink=1
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    correspondingly low domestic demand; (b) sustaining adequate job

    growth for tens of millions of migrants, new entrants to the work force,

    and workers laid off from state-owned enterprises deemed not worth

    saving; (c) reducing corruption and other economic crimes; and (d)

    containing environmental damage and social strife related to the

    economy's rapid transformation. Economic development has been

    more rapid in coastal provinces than in the interior, and approximately

    200 million rural laborers and their dependents have relocated to

    urban areas to find work - in recent years many have returned to their

    villages. One demographic consequence of the "one child" policy is

    that China is now one of the most rapidly aging countries in the world.

    Deterioration in the environment - notably air pollution, soil erosion,

    and the steady fall of the water table, especially in the north - is

    another long-term problem. China continues to lose arable land

    because of erosion and economic development. In 2007 China

    intensified government efforts to improve environmental conditions,

    tying the evaluation of local officials to environmental targets,

    publishing a national climate change policy, and establishing a high

    level leading group on climate change, headed by Premier WEN Jiabao.

    The Chinese government seeks to add energy production capacity

    from sources other than coal and oil. In late 2008, as China

    commemorated the 30th anniversary of its historic economic reforms,

    the global economic downturn began to slow foreign demand forChinese exports for the first time in many years. The government

    vowed to continue reforming the economy and emphasized the need

    to increase domestic consumption in order to make China less

    dependent on foreign exports for GDP growth in the future.

    II. Population

    A. Total Population

    1,338,612,968 (July 2009 est.)

    B. Population Growth Rate

    0.655% (2009 est.)

    I. Economic statistics and activity

    A. GNP or GDP

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    GDP (purchasing power parity):

    $7.992 trillion (2008 est.)

    Country comparison to the world: 3$7.332 trillion (2007 est.)

    $6.489 trillion (2006 est.)

    note: data are in 2008 US dollars

    GDP (official exchange rate):

    $4.327 trillion (2008 est.)

    GDP - real growth rate:

    9% (2008 est.)

    Country comparison to the world: 17

    13% (2007 est.)

    11.6% (2006 est.)

    GDP - per capita (PPP):

    $6,000 (2008 est.)

    Country comparison to the world: 133

    $5,500 (2007 est.)

    $4,900 (2006 est.)

    note: data are in 2008 US dollars

    GDP - composition by sector:

    Agriculture: 11.3%

    Industry: 48.6%

    Services: 40.1% (2008 est.)

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    B. Surface Transportation

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    Airports:

    482 (2009)

    Country comparison to the world: 15

    Pipelines:Gas 28,132 km; oil 20,204 km; refined products 9,746 km (2008)

    Railways:

    Total: 77,834 km

    Country comparison to the world: 3

    Standard gauge: 77,084 km 1.435-m gauge (24,433 km electrified)

    Narrow gauge: 750 km 0.750-m gauge (2008)

    Roadways:

    Total: 1,930,544 km

    Country comparison to the world: 3

    Paved: 1,575,571 km (includes 41,005 km of expressways)

    Unpaved: 354,973 km (2005)

    Waterways:

    110,000 km navigable (2008)

    Country comparison to the world: 1

    Merchant marine:

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    C. Inflation r ate

    5.9% (2008 est.)

    Country comparison to the world: 99

    4.8% (2007 est.)

    D. Principal Industries

    Mining and ore processing, iron, steel, aluminum, and other metals,

    coal; machine building; armaments; textiles and apparel; petroleum;

    cement; chemicals; fertilizers; consumer products, including footwear,

    toys, and electronics; food processing; transportation equipment,

    including automobiles, rail cars and locomotives, ships, and aircraft;

    telecommunications equipment, commercial space launch vehicles,

    satellites

    E. Foreign Investment

    40.5% of GDP (2008 est.)

    Country comparison to the world: 4

    F. International Trade Statistics

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    Current account balance:

    $426.1 billion (2008 est.)

    country comparison to the world: 1$371.8 billion (2007 est.)

    Exports:

    $1.435 trillion (2008 est.)

    Country comparison to the world: 3

    $1.22 trillion (2007 est.)

    Exports - commodities:

    Electrical and other machinery, including data processing equipment,

    apparel, textiles, iron and steel, optical and medical equipment

    Exports - partners:

    US 17.7%, Hong Kong 13.3%, Japan 8.1%, South Korea 5.2%, Germany

    4.1% (2008)

    Imports:

    $1.074 trillion (2008 est.)

    country comparison to the world: 4

    $904.6 billion (2007 est.)

    Imports - commodities:

    Electrical and other machinery, oil and mineral fuels, optical andmedical equipment, metal ores, plastics, organic chemicals

    Imports - partners:

    Japan 13.3%, South Korea 9.9%, US 7.2%, Germany 4.9% (2008)

    Reserves of foreign exchange and gold:

    $1.955 trillion (31 December 2008 est.)country comparison to the world: 1$1.534 trillion (31 December 2007 est.)

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    G. Exchange Rate

    Renminbi yuan (RMB) per US dollar - 6.9385 (2008 est.), 7.61 (2007),7.97 (2006), 8.1943 (2005), 8.2768 (2004)

    H. Labor Force

    Agriculture: 43%Industry: 25%Services: 32% (2006 est.)

    I. Unemployment Rate

    4% (2008 est.)Country comparison to the world: 464% (2007 est.)note: official data for urban areas only; including migrants may boost

    total unemployment to 9%; substantial unemployment andunderemployment in rural areas

    Marketing Plan

    Brief description of the company

    The Coca-Cola Companys core

    undertaking is to benefit and refresh

    everyone it reaches. Founded in 1886, we are the worlds leading

    manufacturer, marketer, and distributor of non-alcoholic beverage

    concentrates and syrups, which are used to produce nearly 400 beverage

    brands that make up for our wide portfolio. Our corporate headquarters

    are established in Atlanta, and we are holding local operations in over 200

    countries around the world. Our activities cover all sectors of the

    beverage industry. We are the second leading player in functional and

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    Asian specialty drinks, while ranking number one in value for the ready-to-

    drink tea sector

    New product & strategic role in the future position of the

    company

    Bubble Buzz will be a bottled beverage and will be positioned as the

    only ready-to-drink Bubble Tea product available on the market. The

    beverage will have a green tea base with enhanced fruit flavors (passion

    fruit, strawberry and lime) as well as tapioca pearls. It will bring an

    entirely unique drinking experience to its consumers. It will present

    itself as a funky and unusual alternative to traditional tea while

    providing the great taste of authentic fruit juice in an attractive and

    convenient packaging. The strategic role of Bubble Buzz for The Coca-

    Cola Company is centered on three objectives:

    To stay at the forefront as the market leader in innovative product

    introductions and successful product launches;

    To strengthen and satisfy the needs of the more adventurous

    Generation Y consumers with a new eye-catching and Functional

    product;

    To become the market leader in the functional drinks segment with

    increased market shares.

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    The objectives of the marketing plan are strategically centered around 3

    criteria: to create a strong consumer awareness towards a completely new

    bubble tea product from Coca-Cola in Chinese market, to establish a wide

    brand recognition through the capture of market shares in the functional

    drinks segment, and to become the top market leader in China within the

    forecasted sales figures.

    PRODUCT STRATEGY

    The core

    Bubble Tea beverage in a pre-bottled, ready-to-drink format.

    The actual product

    Packaging and labeling: see figure below

    Branding: colorful, aspect of play, round shaped, prominent Bubble

    Buzz logo written in modern font, catchphrases such as Think outside

    the Bubble and Get Your Buzz.

    Trade name: Bubble Buzz, a Coca-Cola product

    Brand personality: energy, funky, cool, functional, original, funny,

    healthy, etc.

    Brand equity: Coca-Cola provides a quality, consistent, innovative and

    accessible soft drink reputation.

    Augmented product

    Nutritional information, Status (social drink), Features promoting the

    website, Health benefit of a green tea base (ref.17)

    Marketing considerations

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    Product life cycle: Bubble Buzz is a low-learning product. With a

    strong marketing campaign, sales [will] begin immediately and the

    benefits of the purchase are readily understood. Since Bubble Buzz is

    prone to product imitation, Coca-Colas strategy is to broaden

    distribution quickly, which is currently feasible thanks to the companys

    high manufacturing capacity.

    Product class: Food & beverage Soft Drinks Functional Drinks

    (refer to Appendix D2 for a break-down of the functional drinks

    market).

    Bubble Buzz follows the practice ofproduct modification: Coca-Cola

    is introducing an existing beverage (bubble tea) but redefines the drink

    with a new, more convenient package. Bubble Tea will now become a

    widely available drink in multiple retailing (distribution) channels.

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    PRICE STRATEGY

    The price strategy that will be undertaken should consider the following

    aspects:

    1. Consumer demand2. The product lifecycle3. Potential substitutes

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    Customer demand

    Customer demand is a crucial factor which is driven by tastes, income and

    availability of others similar products at a different price (mentioned later

    in the potential substitutes section). For a lot of consumers, value and

    price are highly related: the higher the price, the higher the value.

    Consequently, Coca-Colas intention to position Bubble Buzz as a unique,

    innovative and attractive product gives it a certain control over Bubble

    Buzz price. To be able to implement higher pricing though, the

    minimization of the non-monetary costs to

    customers should also be include along with

    awareness of the product (notably by

    advertising) and value (benefits) .

    The product lifecycle

    The company should take advantage also to the fact that the newer the

    product and the earlier in its lifecycle the higher the price can usually be.

    It ensures a high profit margin as the early adopters buy the product and

    the firm seeks to recoup development costs quickly and it also brings a

    certain prestige to the product.

    Potential substitutes

    Coca-Cola is constrained by the monopolistic market in which it competes.

    The main characteristic however is product differentiation.

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    PROMOTION STRATEGY

    Objectives:

    To initiate strong awareness about the launch of Bubble Buzz

    throughout the Chinese consumers age 15-29 which is generally

    referred to as after 80s, as well as their parents.

    To win market shares over our top functional drinks competitor,

    PepsiCo.

    Message:

    The promotional outputs will convey the clear message that Bubble Buzz

    is a healthy drink for sporty and young people who simply enjoy taking

    care of their body and life.

    Concepts:

    Think outside the bubble: Be Bold, Be Original, Be Different, BeYourself.

    A good spirit in a good body.

    For the out-of-the-ordinary individuals who like to challenge

    themselves.

    Media selection:

    Before choosing the appropriate Medias, it is important to note that after

    80s consumers only give partial attention to media. However, they can

    be reached through integrated programs. They are typically using more

    than one communication media at a time; a behaviour that is often called

    multitasking. This group of consumers doesnt give its full attention to

    one single message, but rather uses continuous partial attention to scan

    the media. Marketers can still communicate with Generation after 80sby

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    using a variety of targeted promotional tools. Another important tactic to

    reach our target market is through Viral or Buzz marketing, which

    Coca-Cola will heavily use in this campaign (campus, contests).

    Advertising:

    Output Examples

    Television CCTV, Much Music, HuNan TV

    Radio Transportation Radio, During music program,

    Universities Radio Station

    Magazines For girls: Modern world of singers, Women

    Magazine

    For boys: Sports Illustrated (or Kids

    edition);Football weekly; Video Games

    Magazines

    Internet Banners on select websites (gaming, sports,

    etc.)

    Official promotional website:www.BubbleBuzz.cn

    Outdoors Billboards and prints in select areas

    including:

    Campuses, transportation (bus, metro,stations)

    Tourist areas in high seasonal periods Outskirts of key cities in geographical

    reach

    Others Not relevant

    Personal

    selling

    Direct contact with retailers, sales kit

    strategies to be explained later in the text.

    Public

    relations

    Stands or special displays and events in

    schools, malls, sports events (i.e. 2009

    Shanghai World Expo), sponsorship activities

    Publicity Conferences, press releases (print and

    online), buzz marketing through TV coverage

    http://www.bubblebuzz.cn/http://www.bubblebuzz.cn/
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    Promotional Mix:

    Consumer oriented:

    Contests: Win another Bubble Buzz flavour, Uncover a secret code

    underneath the bottle cap and win sporting goods and electronics by

    logging on the website, Win a trip for the 2010 Shanghai World

    Expo. (Arguments: It will increase consumer purchases and encourage

    consumer involvement with the product).

    Samples: distributed in supermarkets, school/universities. Samples are

    a way to avoid product resistance since people are not used to find

    bubbles in their drinks. Arguments: It will encourage new product

    purchases and it represents low risk for consumers since they get it for

    free. They have nothing to lose by trying it.

    Point-of-purchase: in supermarkets (to reach the parents of after

    80s). Arguments: It is also a mean to increase product trial and

    provides a good product visibility.

    Others: In subsequent years, engage in product placement in TV

    shows or movies.

    Trade oriented:

    Allowances and discounts: case allowance (Arguments: The free

    goods approach will be used so it can encourage retailers to buy moreof the product to get a certain amount for free).

    Cooperative advertising: to encourage retailers to buy our product

    and to maintain our high level of advertisement that consumers expect

    from Coca-Cola.

    Other considerations:

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    Scheduling of the advertising: Pulse scheduling (promotional

    presence year-round, but emphasized and intensified before and during

    summer).

    IMC (integrated marketing communication)

    Target Audience:

    Intermediary: personal selling will be more often used

    Ultimate consumer: Coca-Cola will use more of mass media because

    the amount of potential buyers is large.

    PLACE (DISTRIBUTION STRATEGY)

    Bubble Buzz will be distributed through these channels: supermarkets,

    convenience stores, independent food stores, discount stores, multiple

    grocers, vending machines, direct sales.

    Projected Financial Performance

    Revenues $

    597,124.0

    0

    Based on sales @ different channels

    price

    Cost Of Goods Sold 214,964.64 Based on weighted average percentage

    in past data

    Contribution Margin 382,159.36 Revenues - COGS

    Fixed Costs :

    SG&A cost : 113,453.56 Half of the O/H costs estimated, based

    on past data

    Capital

    expenditures :

    25,676.33 4.3% of revenue, based on past data

    Profits 243,029.4

    7

    CM SG&A Capital expenditures

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    Requirement for success analysis:

    C.M. per bottle = 382,159.36 / 328,000 = $1.17

    Break-even: (113,453.56+25,676.33) / 1.17 = 118,914 (bottles)

    Market share: 118,914 / 1,000,000 = 11.9%

    In one year, if Coca-cola can sell 118,914 bottles of Bubble Buzz, or in

    other words achieve 11.9% of the functional drink market share, it will

    break even.

    After this point, every bottle Coca cola sells will generate average $1.17

    towards the profits. The potential profits can up to $1,030,770.001 basedon our target market.

    Expected Costs:

    COGS: $597,124 * 36% = $214,964.64

    O/H: $597,124* 38% = $226,907.12

    Expected Revenues (total) = $597,124

    Summary:

    After the comprehensive analysis of the country notebook of China, Coca-

    Cola Company is more acquainted with this most populated country in the

    world. The cultural and economic descriptions offer us an outline of

    consuming patterns and capabilities of the targeted market. Once we

    understands the country better, we make our marketing mix which

    contains products, pricing, place and promotion plans accurate and in a

    timely fashion. All these analysis and suggestions will contribute to the

    achievement of our final marketing objectivewhich can be simplified as

    becoming a successful exporter of bubble tea in the Chinese market.

    1 $1.17*(1-11.9%)*1,000,000 = $1,030,770

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    Appendix & Reference

    APPENDIX 1

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    APPENDIX 2

    A Chinese menu of bubble series

    Sample board of bubble tea prices in China (with price range from $10 to$15).

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    REFERENCES

    1. The Coca-Cola Co. (Company Profile) . Global Market Information

    Database (Euromonitor). Jul 20, 2005. Accessed Feb 08, 2006.

    2. Functional Drinks Off-trade Sales in Canada (Country Report) . Global

    Market Information Database (Euromonitor). Oct 03, 2005. Accessed

    Feb 25, 2006.

    3. Functional Drinks, Canada, Retail Volume (Statistics) . Global Market

    Information Database (Euromonitor). Oct 03, 2005. Accessed Feb 25,

    2006.

    4. Soft Drinks in Canada (Industry Report) . Global Market Information

    Database (Euromonitor). Oct 03, 2005. Accessed Feb 08, 2006.

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