Question

In: Economics

VOSS Water Questions: 1) Describe the water. What is it, and what differentiates it from competitors?...

VOSS Water

Questions:

1) Describe the water. What is it, and what differentiates it from competitors?

2) Discuss the packaging- what is unique about the packaging? Does it create perceived value for consumers (how/why)? Is it effective in differentiating the product from others on the shelves (how/why)?

3) Talk about the Brand. How does the brand help or harm the product? Is the brand easily recognizable to consumers? How does the product showcase brand? What is the reputation of the brand?

4) What trademarks, symbols or slogans are associated with this product?

5) What do you think the company does well in terms of the “Product P” this specific product (ex. Quality, brand recognition, etc)? What could it do better?

Solutions

Expert Solution

1) VOSS water is water which has been claimed by its manufacturers that it is "naturally filtered". This claim of the manufacturers (although the locals use the water from that natural filter anyways) and the heavy price paid by the firm on its advertising is what differentiates it from its competitors.

2) Usually, other water bottles are made up of plastic and are easily punctures. But the VOSS water comes in a glass container, which seems more like a $5 water flask purchased from Miniso. Although, water in the plastic bottle does what it claims to do, getting rid of the thirst, however, VOSS water, which comes in a glass bottle, makes people feel more refreshed. It does create a perceived value for the consumers because they feel that they are not harming the environment by drinking in a glass (instead of a plastic) bottle and also, consuming anything from a glass container is way better than consuming from a plastic container for the health.

3) Brand has given an identity to the product. Whenever people see VOSS, they blindly pay a hefty amount for the product, despite the fact that the product is just water. Also, the brand is easily recognizable at least to the richer section of the society. Even VOSS water has been used in James Bond's movies, which was easily recognized by the consumers. Product showcase the brand in a way that it is more like a luxury, then a necessity and this is what the reputation of VOSS has become.

4) Trademark of VOSS is a 90 degree rotated VOSS, written in the capital letters, with the words "artesian water from Norway" written between each letter in a non-rotated manner. This manner of writing has become more like a symbol for the brand. Also, the slogan associated with it is "Voss simply pure" and "artesian water from Norway".

5) The company is definitely doing well in terms of its public relations, marketing and advertising, which has not ceased to increase its popularity yet. However, water is one thing in which much differentiation cannot be brought. Simply changing its packaging from time to time will not help the brand to sustain in the long term. Therefore, the company should think of diversifying in other products as well.


Related Solutions

1. what are the forms of graded muscle responses in what differentiates these forms from one...
1. what are the forms of graded muscle responses in what differentiates these forms from one another? 2. Explain the significance of the length tension curve for a sarcomere.
1.) Fizzy Water Inc. and Bubbly Water Co. are Cournot competitors in the sparkling water industry....
1.) Fizzy Water Inc. and Bubbly Water Co. are Cournot competitors in the sparkling water industry. Let the output of each competitor be denoted by QF and QB, respectively. The demand curve for sparkling water is given by P = 422 - Q where Q = QF + QB. If each firm has a marginal cost of production equal to $56 what is the price level that will be charged in the market in equilibrium? a.) 244 b.) 122 c.)366...
What differentiates a "large country" from a "small country" in the analysis of the effects of...
What differentiates a "large country" from a "small country" in the analysis of the effects of a tariff? What are the consequences of the difference between being a "small country" and being a "large country" upon the world price when a tariff is imposed? What does this imply about the advisability of imposing a tariff on the tariff-imposing nation's welfare?
Case study Zara – questions 1 and 2 – page 354 1 What can competitors learn...
Case study Zara – questions 1 and 2 – page 354 1 What can competitors learn from Zara? 2 How is Zara succeeding if they don’t have a unique product to offer? this is the case study of zara As the rest of the Australian retailing economy was flailing in April 2011 after the global financial crisis, reporting lost consumer con dence and increasing online shopping, the Zara Sydney store was just gearing up to open its doors, on all...
Describe what Benefit-Cost Analysis is (a) and list two characteristics of the service sector that differentiates...
Describe what Benefit-Cost Analysis is (a) and list two characteristics of the service sector that differentiates it from the manufacturing sector (b). a.Benefit-Cost Analysis b.Service sector projects characteristics
What differentiates training from development and what are the challenges facing both? SUBJECT IS HUMAN RESOURCES...
What differentiates training from development and what are the challenges facing both? SUBJECT IS HUMAN RESOURCES MANAGEMENT
what differentiates someonr that is intrinsically motivated from someone that is extrinsically motivated ?Give an example...
what differentiates someonr that is intrinsically motivated from someone that is extrinsically motivated ?Give an example of how you would go about motivating an individual who is intrinsically motivated and one who is extrinsically motivated .What are the characteirstics of aperfomance driven team
What differentiates someone that is intrinsically motivated from someone that is extrinsically motivated? Give an example...
What differentiates someone that is intrinsically motivated from someone that is extrinsically motivated? Give an example of how you would go about motivating an individual who is intrinsically motivated and one who is extrinsically motivated. What are the characteristics of a performance-driven team?
What characteristics of a cancer cell differentiates them from normal cells in terms of functionality? Are...
What characteristics of a cancer cell differentiates them from normal cells in terms of functionality? Are the protein receptors different? Biochemical associated with or released from cancer cells?
Explain what differentiates one type of cell from another (morphology aside) at the molecular level? What...
Explain what differentiates one type of cell from another (morphology aside) at the molecular level? What role does DNA play in this differentiation process?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT