Soft Drinks and Smartphone Apps Product Categories
Introduction
Product categories allow marketers to classify products into meaningful categories that assist them in deciding on the appropriate strategies and methods that will assist them in promoting a particular product. Product categories are the primary method for grouping products that have similar features. Each category will have a distinct marketing strategy and even if the target market might be similar. This is because each category will be geared towards a different aspect of an individual's life. The two categories we are discussing are soft drinks and smartphone apps. These two categories will have different marketing strategies because they target different aspects of the consumers’ needs and wants. Understanding the product category for a brand is vital for marketing because each category will require a different marketing approach. There are glaring differences between the two categories especially because one is considered to be mature and the other is still growing. Therefore, there will be differences in pricing, advertising, and distribution methods applied to the two categories.
Market Differences Regarding Consumers and Competitors
For the soft drink category,...
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