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"Have a break...
Brand name:
can be achieved using a company name promises the consumer particular benefits considered by a company to be its most important intangible asset becomes paramount to a product's success
Ekaterina Eskova gr. 11150
Kit Kat is the UK's best-selling chocolate bar. The history of Kit Kat emphasises the importance of successfully managed brand names to the company that owns them. Nestl was prepared to pay a record price to acquire Rowntree in 1988 because of the prestigious brands in Rowntree's product portfolio. Kit Kat was an important part of the portfolio. Internationally, Kit Kat is now also manufactured in Canada, Germany, India, Malaysia, China, Japan, Australia, South Africa and the United States. It is available in more than 100 countries throughout the World. Ekaterina Eskova gr. 11150
Product Strategy
chocolate fingers foil and band wrapping, unique in the countlines market and seen as an important feature which encourages involvement and sharing by consumers well-known strapline - Have a Break, Have a Kit Kat.
Promotion Strategy
The Have a Break, Have a Kit Kat theme appeared briefly in 1939, but has been the on-going Kit Kat slogan, or strapline, since the mid 1950s free bars in the multi-bar family packs and an instant win deal with Burger King in 1996 on-pack promotion featuring The Simpsons
Ekaterina Eskova gr. 11150
Kit Kat's advertising is concentrated in two media: television commercials - which follow the well-known Have a Break tradition posters - where the powerful colours of the pack and product are used to dramatise the message A particular challenge for the advertisers is to appeal to both the consumers and the purchasers Women account for two thirds of all confectionery sales, but a large proportion of these purchases are subsequently consumed by children
Products
Ice Cream ChunKy Kit Kat Bar Kit Kat Snacks Kit Kat Gift Packs Frozen Desserts Pop Chocs
Product life-cycle
Business theory suggests that products follow a life cycle, going through phases of development as follows:
period of growth then follows as consumers become increasingly aware of the product and, if successful, it becomes profitable Eventually, the growth of sales will level off this is the mature phase and is usually the result of increased competition The theory predicts that sales will gradually decline as the market becomes saturated and consumer tastes change
Conclusion
Kit Kat's success can be attributed to consistency in its marketing, whilst allowing for minor changes to maintain a modern image Continuous reinforcement of the brand message through advertising and promotions has enabled Kit Kat to sustain its popularity over a long period of time in the face of rapidly changing consumer attitudes and tastes and consumption patterns
Thank you!
Ekaterina Eskova gr. 11150