Principles Of Marketing
17th Edition
ISBN: 9780134492513
Author: Kotler, Philip, Armstrong, Gary (gary M.)
Publisher: Pearson Higher Education,
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Chapter 20, Problem 20.17VC
Summary Introduction
Case summary:
Product H generates $130 million in yearly revenues in the previous year was started as the founder did not like the beverage coolers options at the convenience stores. Thus, with the aid of former professor, the founder launched Product H, which is the nation’s organic bottled tea.
Product H established to assist the economic structure of the impoverished nations. It bought raw items from Country A’s farmers and invested in its supplier to farmer to assist them to become an independent. Though, Product H is a total subsidiary of Company C, it exists to function on the social responsibility principles set up by its founders.
Characters in given case:
Product H
To discuss: Whether Product H can do well.
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Honest Tea, the Coca-Cola brand that produced $130 million in global revenues last year, got its start because cofounder Seth Goldman didn’t like the options in the beverage coolers at convenience stores. So with the help of a former professor, he launched Honest Tea—the nation’s first fully organic bottled tea. But the company’s drive for success was not based not as much on profits as on a desire to change the world. With social responsibility steeped deep into its business model, Honest Tea set out to help develop the economic structure of impoverished nations. Honest Tea purchased raw ingredients from Native American and South African farmers and invested in its supplier-farmers to help them become self-reliant. Although Honest Tea has been a wholly owned subsidiary of the Coca-Cola Company since 2011, it continues to operate on the principles of social responsibility established by its founders. List as many examples as you can showing how Honest Tea defies the common social…
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