Question: Question 1 ( 2 5 Marks ) Discuss the impact of evolving consumer preferences on Coca - Cola's decision to introduce Coca - Cola Spiced.
Question Marks Discuss the impact of evolving consumer preferences on CocaCola's decision to introduce CocaCola Spiced. In your answer, analyse how trends such as increasing demand for spicier snacks and beverages influence product development and marketing strategies. Use relevant marketing theories and examples to support your analysis. Question Marks Evaluate the product development process CocaCola employed to launch CocaCola Spiced. Discuss the significance of consumer research in shaping product offerings and how rapid innovation can be a competitive advantage in the beverage industry. Provide examples of how CocaCola has previously leveraged consumer insights for new product launches. Question Marks Assess the branding strategies CocaCola is using with the launch of CocaCola Spiced and CocaCola Spiced Zero Sugar. In your response, consider how these products align with CocaCola's overall brand image and their appeal to younger consumers. Discuss the importance of brand extension and the potential risks involved in introducing new flavours. Question Marks Critically analyse the marketing channels and promotional strategies CocaCola plans to use for CocaCola Spiced. Consider the role of social media and digital platforms in reaching younger demographics, especially in the context of the CocaCola Happy Tears product. Discuss the effectiveness of these channels in enhancing brand visibility and consumer engagement.
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