Marketing Assignment - Coca Cola (Coke Life)
Marketing Assignment - Coca Cola (Coke Life)
Marketing Assignment - Coca Cola (Coke Life)
Answer-2 As a product Coke Life was basically produced and launched into the
market with a viewpoint to target adults who were looking for a great-tasting
Coke but with a natural sweetened taste having lesser kilojoules. It claimed
around 35 per cent less sugar than the original Cola Classic. Cola Life was the first
branded coke product to use stevia leaf extracts into their drink. For concluding
the first part we can say that the Coca-Cola Life, The Coca-Cola family now after
the launch of Cola Life has something for every taste and variety.
Answer-3 Talking about the value proposition part of the Coke Life consumers
who would enjoy the consumption of such a soft-drink which would be naturally
sweet and also was able to get it positioned as a healthier version of a normal
basic Coca Cola Classic drink available in the market. The basic point to be
highlighted here is the value creation for customers who would prefer taking less
sugar besides the basic taste of coke. Coke Life claimed to have nearly 35 per
cent less sugar content than classic coke variant. The main color chosen for Coke
Life is green with a small leaf representing the no calorie stevia leaf. Not only has
this TCCC also created eco-friendly bottles with recycling benefit attached with
them. Also, they had launched an Ad campaign for coke life. The ultimate aim or
tagline for coke life would be adding of nutritional value to taste but naturally.
Answer- 4 TCCC launched their products worldwide starting from United Kingdom
in August 2013 to Argentina in November 2013. In addition to the aforesaid
countries they also launched their products in other giant developed counties of
the world like Japan, Switzerland, Australia and New Zealand lastly.
Answer-5 In the year 2013, when Coke Life got introduced into the market, the
sales of TCCC had dropped from about 2.4 per cent rate in comparison to that
percent in the previous year of 2012. Talking about the reasons for this
downfall would be, first Coca Cola had increased the price of Cola Life by
around 25 percent which proved to make the drink quite expensive and not
easily affordable to the middle section of the society. Also, gradually public as
customers got to know about some unseen facts that how this drink isn’t
healthy as much as the company claims it to be. The sales also started
declining majorly due to the criticism faced over some individual quarters for
its positioning as a healthy less sugary coke drink.
The color of the packaging was done in green color showing the
natural extracting part of the product.
The curve of Coke Life was much flattened in comparison to that of
Coke Diet or Coke Zero drinks.
The stevia leaf background in the UK.