Business Bonds

Business Bonds

Business Bonds
Question
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Activity 1
The Billabong is one of the brands of repute in Australia. The website offers the information on variety of products surfing, skating and skiing industry. It is a unique way to promote their products in such a manner that they understand the games from the beginning and offering the number of products like no one else. I also agree that if little more information on Billabong products can help to build relationships with its target customer as the primary focus to visit website is the check the billabong products. So it is a considerable point to make stronger customer base for billabong.
Activity 2
The Nestle Company and Peter’s ice cream are focused on targeting the families and children by offering them healthier products. Their mission is to enhance quality of life and contribute to a healthier future. The marketing campaigns and product segmentation is based on identifying the needs of the Australian families and provide them a healthier solution(Nestle.com.au, 2017). Both Nestle and Peter’s have a long history in consumer market that helps them develop a closer bond with the Australian families. The product segmentation require them to market the products by targeting the consumer based on nutritional value. The recent campaigns focus on being sustainable brand and presenting the products as quality symbol. They associate marketing with professional athletes and celebrities for reaching out to masses.
The brand marketing works for both companies because they are designed to attract families who are their prime consumers. The use of graphics and families pictures also contribute in creating a positive image of the brand. The engagement of local communities and professionals in marketing campaigns are also great tool for spreading the brand awareness. Both companies capitalize on their market segmentation and all product contents like packaging, distribution and advertisement promotes its mission and product values.
References
Nestle.com.au. (2017). Brands | Nestle. Retrieved 13 August 2017, from https://www.rspca.org.au/what-we-do/about-us-0
Peters.com.au. (2017). Sustainability – Peters Ice Cream. Retrieved 13 August 2017, from http://www.peters.com.au/peters-corporate/sustainability/#
 Activity 3
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Activity 3: If a company is interested in estimating the distribution of income in the Northern Territory or New Zealands’s North Island, how could it proceed? Be specific.
When companies decide to develop a product or marketing plan of the product price is one of the important factors which play a vital role to market that product. Although other elements of product, place, and promotion are also the important still price is considered a base line specifically when companies decide to compete in the mass market rather offer unique and limited products.
The companies considered the income distribution in the product planning to analyze that how much people in any target market can afford the potential product. The income distribution data and other related demographic factors are available from the Australian Bureau of Statistics and World Bank data basis because these institutes collect large data from the specific region which also include income level and other financial and social measures and then analyze the data and published insight. So it is an easy option for the companies to access the required data from these data basis because these data basis also provide more data to split the income levels over the age and gender to further analyze the target customer’s potential to buy any potential product. These data bases also provide supporting data which help the companies to develop more comprehensive picture to decide about the potential product

Activity 4
Fast-transferring consumer goods, generally abbreviated FMCG, are non-long lasting items that promote quickly. It is taken into consideration a unique enterprise model that calls for competitive blessings in areas together with manufacturing, branding, marketing and logistics.
FMCG (rapid transferring patron goods) is a time period that is used to consult the ones items that are offered thru retail stores. These items have a brief length of shelf existence and as such are used up within days, weeks, or months.
Nestle is a Swiss multinational engaged inside the manufacturing of various food products. It has its presence in more than one hundred nations. It produces several top promoting merchandise in exclusive food classes. Some of its first-rate-selling products are Lean Cuisine, Maggi, Boost, Kit Kat, Friskies, and Nescafe and many others.
Unilever is a multinational engaged in the manufacture of different merchandise like meals, personal grooming merchandise, detergents and liquids etc. This British-Dutch enterprise is the owner of over four hundred main brands within the international out of which 13 are billion greenback manufacturers.  One of its top merchandise is Aviance that’s a beauty product for ladies.
Coca-Cola Company that’s based totally in Atlanta in Georgia manufactures the sector’s most famous soft drink Coca Cola. It turned into Dr. John S. Pemberton who created this drink in 1886. The organisation began its franchisee operations in 1899 and steadily it opened up bottling vegetation in every corner of the globe. The familiar recognition of Coca Cola is undisputed
ACTIVITY 5
The technological and social needs are changing and businesses need to strengthen their workforce to meet the challenges. The demographic segmentation has become crucial for business success and companies are investing millions of dollars to perform market research. The influx of immigrants and diversity across all regions are creating new challenges for the business. Economist believes that retiring baby boomers will create a knowledge gap that will affect the contemporary business practices. Apart from knowledge sharing in different industries, there are some prominent industries that get direct benefit from baby boomers. This includes financial plan agencies, travel and leisure providers, age care facilities and property managers (Webber, 2014). With recent increases in living standards, ageing population actively participate in self-fulfilling leisure and community activities (Chatzitheochari & Arber, 2011). The industries mentioned above have business prospect because their service relies on baby boomers as potential client groups. This also means that they need to understand the specific needs of baby boomers who apparently have lot of experience and quality conscious. The business operators are hiring competent staff who can develop bonds with clients in order to deliver quality service.

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