An Individual Essay on Vegemite Table of Contents
Introduction 3
1. Importance of Marketing Mix Especially in Foreign Market 3
2. Issues of Vegemite’s Marketing Mix in Foreign Market 6
3. Result of not adjusting Marketing Mix in International Market 7
Conclusion 8
References List 9
Introduction
This is an individual essay where the researcher is assigned to discuss about the importance of marketing mix especially in the foreign market. The theme of the given topic refers to use the example of Vegemite. It is actually a food paste that is prepared from the leftover yeast extracts of brewers. It mixes lots of other spices and vegetables in this food pastes. The main subject of this essay is the marketing mix. Before understanding it, a discussion about the market research is important here. In an international business market research becomes more important, because the loss factor appears more crucially here.
1. Importance of Marketing Mix Especially in Foreign Market
Vegemite is known as a tasty spread for toast, sandwiches, cracker biscuits, crumpets and so on. Vegemite is also used as the filler for the pastries. It is a product of the company Fred Walker & Co. Vegemite was first launched in the year of 1923. Cyril P. Callister was the inventor of this product. The present supplier of Vegemite is Mondelez International (Vegemite.com.au, 2015). Figure 1: Logo of Vegemite
(Source: Vegemite.com.au, 2015)
Actually, marketing mix mostly depends on market
Kudler Fine Foods is an epicurean grocery store for the connoisseur in which noteworthy growth with a focal point on increasing revenue, advancement concerning the effectiveness of operations, and shortening the consumer acquisition cycle is Kudler’s main objectives. Enclosed in this term paper is the significance of marketing research pertaining to the expansion of Kudler Fine Food's marketing line of attack and identification of the regions in which Kudler calls for additional market research is necessary. In addition, a comprehensive analysis concerning the value of competitive intelligence and breakdown with relation to the improvement of Kudler Fine Foods marketing strategy and tactics is scrutinized.
In the magazine article entitled "The War on Delicious", the co-authors investigate the link between cancer and processed meats as well as red meats. First, the co-authors discuss the carcinogenic qualities of red meats (and some processed white meats). The main cancer causing components of processed meats include nitrates that turn in to nitrites than react with amines and damage DNA as well as heme iron and cooking meats at high temperatures. The co-authors then define not only what red meats are but which processed meats are not good. Processed foods than can be carcinogenic include "meat that has been transformed through slating,curing,fermentation, smoking or other
Foodworks Beaumaris (Vic), located in the shopping strip on Balcombe Road, Beaumaris is a typical medium sized grocer/liquer retailer as determined by the Australian Bureau of Statistics - greater than 20 but less than 200 employees.
Michael Pollen’s book brought everything together and cleared all my confusion about American food system based on how he tracked the food we eat from the farm to when we swallow it. The environment and economy have been the main shapers of foodways and in many cases people will have crops that are cheap to grow, animal that will grow mostly cheap and which will sell at the best price, and that is what people will eat, they have no choice (Anderson, 2013). This is what exactly happening in America where most of the food we buy in supermarket or restaurant like Macdonald lack of quality. Pollan tracked the corn as the staple crop in America and showed how in most of the food at the supermarket consist of corn, but we buy those food without knowing,
The 16th century was a time of creativity, discovery, exploration, and invention. The Cheese and the Worms, written by Carlo Ginzburg, tells the story of Domenico Scandella. The book explores Scandella’s, otherwise known as Menocchio, world-view at the time. Menocchio was a miller who was tried for his unorthodox religious views and eventually burnt at the stake for heresy in 1599. During this time, Menocchio was seen as special as he was a peasant who could read, a peasant who had an education. Ginsburg’s display of Menocchio’s views gives the reader an insight into peasant culture. The peasant culture experienced many grievances as they suffered in their daily lives with little opportunity for survival. Their only opportunity of survival was working for landlords on the land. Peasants had little to no money and it did not help that they were being controlled by the church. The people were unaware that history was occurring but the Protestant Reformation, the Renaissance, the Inquisition, and other historical moments during the time were all relevant to the typical European peasant Menocchio as most of his ideas were caught in the currents of the 16th century.
The food business is a broad range of businesses. Food is a basic need of consumers like clothing, and shelter. For a company to enter into the food business it has to assess the various segments of this business. These ranges from production of food, processing, and marketing. The company prior to entering a market in this line of business should assess its capabilities and compare these to the kind of needs of the consumers – would the customer be a processor, or a consumer?Is the product that the company can offer a raw material, processed food, or to serve a group of consumers who would like to eat and yet also need some little pleasure and not merely to satisfy their hunger?
The product was made and in first two months following launch, Kraft’s New Vegemite sold 2 million jars and achieved 12% house hold penetration. Consumers enjoyed the new taste of it and results were remarkable.
This essay will explain the target market and the 4P’s analysis for one of the Kraft product, Vegemite. Kraft Inc Company, which is the owner of Vegemite product in Australia, is the largest food and beverage company in The United States. Kraft has been a major player in the food and beverage industry for a long time ago. Kraft has broad range products of food and beverage that are available around the world. One of the Kraft products that are marketed in Australia is Vegemite. Vegemite is considered as much a part of Australia's heritage as kangaroos and the Holden cars. It is actually an Australian obsession that has become a unique and loved symbol of the Australian nation (Vegemite Australia, 2010). It is made from leftover brewers'
Carlo Ginzburg’s The Cheese and the Worms: The Cosmos of a Sixteenth-Century Miller explores the trials of supposed heretic Domenico Scandella. Better known as Menocchio, The Cheese and the Worms details his extensive beliefs about mistruths in religion and is written as a micro history of the events of his trial. At a time when religion and God were thought of as pure fact, Menocchio doubted their supreme existence and this lead to his death by burning. When reviewing Ginzburg’s account of the trials, the sources of his many ideas come to light and these ideas show that the Catholic Church and its members were scared the most by Menocchio’s ideas about the origins of earth.
Food, one of the most essential items since the dawn of time, it influences the very way we think. An abundance of eating is considered one of the seven sins or know as gluttony. In Duong Thu Huong's Paradise of the Blind which is set in a 1980s time period of Vietnam and controlled by the communist group. Throughout the novel, Duong conveys the story in the perspective of Hang using many different motifs. Unquestionably one of the most significant and recurring motifs, is that of food.
If we were to have to conform to the USDA’s dietary guidelines of a healthy vegetarian eating pattern, a lot of issues would arise. Beyond the social repercussions for trying to impose a diet that the majority does not follow, there is are economic situations that will arise that are far more imperative than any social complaints that may come up in the short term. In our current economy, where we are barely able to keep with other developing nations, we cannot risk damaging any industry that are essential to our gross domestic product (GDP). Along with the effects of decreases to the meat industry, the availability of foods that meet the vegetarian guidelines are skewed to favoring higher income areas. So, if you would take a step back and look beyond the social lens, you will see something potentially far more dangerous.
One of the most important concepts of marketing is the marketing mix. The marketing mix must be delivered in the right way to the right people at the right time, it is important that all elements are given equal and balanced importance and managed. The marketing mix is considered as the blend and batter of the ingredients which determines the appreciation by the consumers.
Vegemite is a uniquely Australian food product commonly spread on bread or toast. The reason I chose Vegemite is because it is a very distinguishable product in a market saturated in with normality. I find its most interesting feature is how most Australians love this savory spread, and it is one of, if not the strongest product of its type in the Australian market, where it has little to no success overseas.
The 'marketing mix' is a set of controllable, tactical marketing tools that work together to achieve company's objectives. The marketing mix analysis is also called 4P analysis. This analysis contains a set of controllable strategic tools of marketing which work in simultaneously to attain the objectives of an organization. In this paper we will analysis two organizations with respect to their marketing mix. The companies that I have chosen for this task are Pepsi Co and Coca Cola.
When asked what caviar really is, most people would plainly say that it is a delicacy with fish eggs as the major component. This is undeniably a fair answer, but it does not take into custody its whole spirit. The answer failed to affirm the affluent olden times and other information behind caviar. Nonetheless; the delicacy named caviar is a fairly prized delicacy that consists of salt-cured fish-eggs of the Acipenseridae family. The roe may either be fresh, thus, non-pasteurized or it can be pasteurized, with pasteurization lessening its culinary and market value. Customarily the expression caviar refers solely to roe from wild sturgeon in the Caspian and Black Sea. These may include Beluga, Ossetra, Sterlet and Sevruga caviars which are the four main