Enterprise and Innovation Essay Example | Topics and Well Written Essays - 1500 words

Enterprise and Innovation - testify ExampleWe can categorize while structure as per preferences of the population in a circumstance age company. Thus we can adjudge got the various sub-groups as 15 to 19, 20 to 29, 30 to 49 and 50 and above. We can safely assume that people falling in these sub-categories of age groups will have more or less similar preferences and hence we can target our products as per these 5 segments. An all important(predicate) point to note is that the population in the segments 15 to 19 and 50 and above will have more leisure time as comp atomic number 18d to the other two which fall in working age group. These segments will have more time during the week-ends. Looking at the timings of the games, we have 3 week-ends between twenty-seventh July and 12th August 2012 (the period scheduled for the games). Thus, we can introduce products as per following planestablish on the tastes of the various age group segments different flavors have been introduced. People in the age group of 15 to 19 would prefer the flavors mentioned above. People above 50 years tend to get digestive problems and hence the products mentioned for their category will speak to to them. 20 to 29 years age people are more experimental and nor very money conscious. Hence, new flavors not introduced so far will appeal to them. And finally people in the age group of 30 to 49 are generally more health conscious and hence would prefer fruit based drinks which do not have the ills of carbonate drinks and at the same time will also be healthy.The Price elasticity of Demand (PeD) determines how highly sensitive the demand for a product is to changes in prices. We will look at the general factors impacting all products as well as factors that are specifically impacting Coca-Cola at Olympics.1. Substitute availability Coca-Cola has direct competition with its musical accompaniment Pepsi. Both are similar in taste and thus have very high PeD. provided in UK Coke has a d irect rival Robins. This