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MARKETING STUDY OF
PARLE PRODUCTS
DETAILS
Cont..
Conclusion
CONCLUSION
I want to conclude my project by saying that marketing strategy is 4ps
such as product, promotion, price and place. These are all important
aspects of marketing strategy. Without these aspects marketing is not
possible. Marketing strategy is all about marketing a product. In these
marketing mix sellers, retailers, buyers, and wholesalers play an important
role. There is lot of scope in marketing strategy. Parle company had made
huge profit by marketing there products in India and in foreign countries.
It was concluded that Parle is the first preference of both the customers
and retailers (Organized and unorganized both) because of its price and
brand image.
The Parle Biscuit brands, such as, Parle-G, Monaco, Krack jack, Marie
Choice, Hide and Seek enjoy a strong imagery and appeal amongst
consumers across the world. Which has resulted into Parle-G being the
worlds largest selling biscuit".
Cont..
Case Study
In 2009, Parle Products Pvt. Limited (Parle), a leading Indian manufacturer of
biscuits, had the honor of producing the best-selling brand of glucose
biscuits in the world by volume, Parle-G. Parle-G biscuits sold for about U.S.
$ 1 per kilogram, and as very few processed and ready-to-eat products were
available at that price, Parle-G was closely associated with the offer value
for money (VFM). Impending problems in this brand category for Parle was
the fact that the prices of raw materials from the two main raw materials for
the Parle-G biscuits (which account for 55 percent of their value inputs) rose
enough in the past 18 months to reduce the field from 15 percent to less
than 10 percent. Pressure to restore fields led Parle to consider price
increases more previous attempt caused a sharp decline in sales. Parle later
turned increase production costs by reducing the weight of the package,
franchise production, reducing supply chain costs and reduce packaging
costs. Parle could not ignore the deep-rooted perception of VFM in the
development of short-and long-term marketing plans to maintain the
success of Parle-G in the market. These plans are required to address
segmentation, positioning, and changing demographics Indian when
considering potential rise in Parle-G biscuits.
Conclusion Of Surveys
1. What are the brands of biscuit
can you recall in your shop?
--- In this survey 8% consumer recall
parle biscuit and 7 % for ITC and 5 %
for Priya Gold