Marketing Mix • Marketing Mix is the set of marketing tools that the firm uses to pursue its marketing objective. • • • • Product Price Place Promotion • a PRODUCT PRICE PLACE • Earlier the price of coke was cost based • Later on the basis of competition • a revolution especially in Indian markets with the 5 pricing strategy • Pricing on the basis of competition • Pepsi is that it is very flexible and it can come down with the price very quickly • But this risk taking attitude has also earned Pepsi losses PLACE PLACE • Coke is a multinational company and it has its market around the entire world. This can be said just by the first page on its site • Pepsi also has spread worldwide. •Pepsi when enter in new market does not go alone but it looks for partners and mergers. • Till now Pepsi has collaborated with companies like Quaker Oats,Frito-lays, Lipton, Starbucks , etc. INITIALLY PROMOTION PLACE INITIALLY -COKE focused on Indian culture and music. LATER -coke also focused on celebrity endorsements - PEPSI relied on advertisements featuring film stars, pop stars and cricket players. Endorsement of celebrities PROMOTION MIX PLACE - Promotion is one of the four aspects of marketing. Promotion Comprises four subcategories : 1 . Advertising 2 . Personal selling 3 . Sales promotion 4 . Publicity and public relations ADVERTISING ADVERTISING Spoof Advertising • Against Coke’s ‘EAT-SLEEP-DRINK’, Pepsi made an ad opposite to it • To counter this, Coke made a print ad in which it shows ‘chalo kha liya’.. • Another Coke ad showed 2 apes, copying Pepsi’s Azhar and Jadeja with the time ‘ don’t be a bunder’, taste the thunder. ADVERTISING PLACE - ADVERTISING PLACE - Sales Promotion PLACE • Crown offer • Blind taste campaign • See the number below the crown, sms , and win… Khufiya card campaign Publicity and public relations PLACE - Publicity and public relations PLACE -