Question

In: Economics

Coca-Cola co-creating and what you believe to be an excellent customer service as a result. Describe...

Coca-Cola co-creating and what you believe to be an excellent customer service as a result. Describe various facets that are contributing to the quality of the customer experience. What they do to make it even better? with own words and examples

Solutions

Expert Solution

Coco-Cola has been a revolution in the non-alcoholic beverage industry with its market capture reaching almost 69% in its market. The rise of Coca-Cola is an inspiration and a way as to how entrepreneurs need to set up their initial business and what motives needs to constitute the base of their firm. With each passing year Coca-Cola has been establishing itself in the market with more firmness. The reason for its success does not only lie in the taste of its drink, in fact there are a number of reasons attributing to its tremendous success as an organization. One of the critical attributes to its success is the quality service that Coca-Cola provides. It maintains very high standard of customer support, which is a impediment to its tremendous success as a firm.

                                Coca-Cola ensures that its customers are given the first preference in terms of the choice of products that a consumer might want to consume. Respecting the consumers wishes has been the core ingredient of Coca-Colas success as a beverage firm. Coca-Cola very frequently carries out survey’s with all the questions that they would want to know from the consumer, pertaining to their level of satisfaction from an existing product, or their choice of the kind of product lately, or how much of money would they wish to spend on a particular choice of the product. These answers from the consumers gives a lot of data to the company on which Coca-Cola has been very active and producing their product mix in correspondence to the consumers demand. Moreover, Coca-Cola also ensures a very good level of after sales support, whereby any complaints from the consumers are very seriously dealt with, thereby increasing the trust of Coca-Cola among the consumers.


Related Solutions

5. The Coca-Cola World service process is demand- or capacity-constrained? 6. How could Coca-Cola World improve...
5. The Coca-Cola World service process is demand- or capacity-constrained? 6. How could Coca-Cola World improve its service process? 7. What is the main source of variation for Coca-Cola World and how could this variation be reduced?
Describe the segmentation bases you think Coca-Cola used to deveolp its target segment. What kinds of...
Describe the segmentation bases you think Coca-Cola used to deveolp its target segment. What kinds of products do you think this segment was buying before Coca- Cola introduced its Coke Zero brand? Thinking back to the consumer buying decision process, what kind of strategies do you think were necessary to get this segment to switch to Coke Zero?
Is it possible for an organisation to provide excellent customer service without every employee having a...
Is it possible for an organisation to provide excellent customer service without every employee having a job they feel makes a real contribution? Explain your answer. (50–100 words)
You are the manager of Coca-Cola and are facing the effect of a research (published in...
You are the manager of Coca-Cola and are facing the effect of a research (published in 2004) that reports that consuming high fructose corn syrup (HFCS) is associated with promoting obesity. Consider the number of news reports and the number of other research papers on this topic that have been published since 2004. This issue is relevant to you because HFCS is the sweetener used in soft drink manufacturing. Then, you are to: 1.1  Define the own price elasticity of demand....
You are the manager of Coca-Cola and are facing the effect of a research (published in...
You are the manager of Coca-Cola and are facing the effect of a research (published in 2004) that reports that consuming high fructose corn syrup (HFCS) is associated with promoting obesity. Consider the number of news reports and the number of other research papers on this topic that have been published since 2004. This issue is relevant to you because HFCS is the sweetener used in soft drink manufacturing. Then, you are to: 1. What would you do to offset...
You are the manager of Coca-Cola and are facing the effect of a research (published in...
You are the manager of Coca-Cola and are facing the effect of a research (published in 2004) that reports that consuming high fructose corn syrup (HFCS) is associated with promoting obesity. Consider the number of news reports and the number of other research papers on this topic that have been published since 2004. This issue is relevant to you because HFCS is the sweetener used in soft drink manufacturing. Then, you are to: 1. Define the own price elasticity of...
what is the Stock Market, and the Market price of Coca-Cola Company?
what is the Stock Market, and the Market price of Coca-Cola Company?
Where are coca cola concentrate manufactured in the world, and what are the reasons?
Where are coca cola concentrate manufactured in the world, and what are the reasons?
Historical data indicated that the time required to service the conveyor belt at Coca-Cola Amatil's Richlands...
Historical data indicated that the time required to service the conveyor belt at Coca-Cola Amatil's Richlands operations can be modelled as a normal distribution with a standard deviation of 20 minutes. A random sample of 20 services revealed a mean service duration of 119.9 minutes. Determine a 90% confidence interval for the mean service time in minutes. State the lower bound of this interval correct to two decimal places.
Coca-Cola’s Financial Statements Cola Company The Coca- You are preparing to visit a friend who now...
Coca-Cola’s Financial Statements Cola Company The Coca- You are preparing to visit a friend who now lives in Atlanta. Your friend is very interested in. Your friend is not a business major and has asked for your help to learn more about Coca-Cola. Obtain the Coca-Cola Company’s 2013 annual report either using the “Investor Relations” portion of its web site (do a Web search for Coca-Cola investor relations) or go to http:// www.sec.gov and click “Search for company filings” under...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT