Marketing Plan For Nestle Kit Kat DOCX

Title	Marketing Plan For Nestle Kit Kat
Author	Muamar Zuhier
Pages	10
File Size	35.2 KB
File Type	DOCX
Total Downloads	31
Total Views	996

Summary

Description

Marketing Plan For Nestle Kit Kat Nestle is going to launch Kit Kat Nuts which is extension to the existing Nestle Kit Kat chocolate. Kit Kat Nuts will particularly target the young adult segment between the age of 22 to 40. Kit Kat Nuts has to compete with the well established chocolate brand like Snickers and Cadbury Fruit and Nut, Cadbury whole Nut. The quality of the products offered by Nestle to its customers will help to drive the sales of the Kit Kat Nuts. Kit Kat Nuts has its goal to minimize the losses in the first year with increasing the product awareness by huge promotional and marketing activity as well. In the second year it estimated to achieve at least break even point and thereby kick start the growth in the sales and profits. (1)Individual Situation Analysis report Nestle is world's highly efficient nutrition, health and wellness provider. With head office in Vevey, Switzerland it was founded in 1866 by Henri Nestle. Nestle company as a whole made up of various others brands which offers various products such as coffee, water, ice cream, chilled products, confectionary and chocolates, frozen foods, cereals etc. Nestle is delivering its product services to almost all over the world which is mainly possible due to thorough knowledge and understanding of the domestic nature of tastes, preferences and health of the people. Nestlé's main source of income is food and beverages, in addition it produces pharmacy product as well like Alcon. The food industry is very competitive field which means no company can feel relaxation at any time, therefore Nestle has to consistently evaluate its performance and search for the new ways of satisfying the customer needs. Nestle needs to carry on with its marketing strategy of segmenting the customers and producing the product keeping in mind the trends and demands of the product. (1.1) Market summary: Since Henri Nestle started its operation in 1867 as a milk food provider, Children are one of the main targeted segments for the Nestle. In addition it spreads its market to adult and older people as well by targeting them their specific tastes and preferences. Kit Kat nuts will specifically target the adult people for the reason that children do not normally like the nuts but the adult people do prefer the chocolates with some nuts in it. The segmented market will be targeted for the near term say first two years and then after evaluating its performance it will be spread to other segment accordingly....