Coke Zero Promotional Mix Power!!! Objective: You are marketing executives for Coca-Cola. You will present your new product, Coke Zero. Coca-Cola Zero offers Coca-Cola taste with zero calories. Created with young adults in mind, this soft drink is sweetened with a blend of aspartame and acesulfame potassium (Ace K). You may research this product online if you are unfamiliar with it – yes it is a real product. You will deliver your presentation to sales executives at Coca-Cola. It is your job to inform them about the product and to get them excited to sell the new brand using all the components of a promotional mix that we discussed in class. Good Luck! You need to write a report that contains the following sections. Your report should include: 1. A title page with all pertinent information including group member’s names. 2. A separate page (at least) for each of the 3 sections below. When you finish with one section you should start the next section on a new page. 3. In your advertising section you will have the write-up information and the advertising pieces. 4. You will also create a presentation that will be delivered to Coca-Cola executives (the class). The presentation should be a shortened version of your report. Target Market – once you have an idea about this product, define the ideal consumers for this product that Coca-Cola should be targeting. These consumers need to be defined by both demographics (facts about the consumers: age, education, gender, income level, family status, employment status, etc.) and psychographics (lifestyles, activities, entertainment choices, etc.) Marketing Mix – The marketing mix consists of the 4 P’s: Product, Price, Promotion and Place. The product, Coke Zero, has already been developed. You must decide on the price (this may include creating different sizes and packaging with prices for each), promotion (advertising – see below) and Place (where and how it will be sold to the target market.) Advertising Choose 5 methods of advertising to showcase during your presentation and provide rationale as to why you chose the particular ads you created and in what type of media you will place these ads. Keep in mind the target market you defined – make sure the ads appeal to this consumer and the ads are placed in media vehicles that they will see. Print Media Newspaper Magazine Direct-Mail Outdoor (billboard) Transit Broadcast Media Radio Ad TV Ad Online Ad Webpage Banner Ad Each advertising method will be evaluated on the following Creativity Effectiveness Remember- you are trying to sell your product. Choose your promotional mix very carefully! Presentation Create a presentation to help sell your idea to the Coca- Cola executives (entire class)