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Marketing Audit of Nestlé Crunch

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Marketing Audit of Nestlé Crunch

Introduction:
Nestlé Crunch is a famous chocolate confectionery in the US market, and take up almost 2% market share of the total (Barton 2014). This market audit will be split into three section, and separately analyze the business environment, marketing mix and STP (Segmentation, targeting and positioning). Finally, a conclusion will be drawn in the end of this assignment.

Business environment analysis:
In this part, it will analysis the business environment by using PEST model, Competitor analysis and consumer behavior theory.

PEST Analysis - Political:
In general, the political factors includes laws, regulations and taxation that may influence the decision of the company. As the industry of chocolate confectionery is a common goods for the consumers in the USA, so it is less possibility for Nestlé Crunch to be influenced by the political environment. Also, the most important things that Crunch should considered is the regulation about its food safety, which was regulated by U.S Food and Drug Administration (FDA). And Crunch should conform to the requirements of the safety law, such as origin, manufacture and designs.

PEST Analysis - Economic:
Economic factors have great effect on the operating of company, both on its supply and demand side. Nestlé should consider the unemployment, inflation and economic growth rates, etc.
As the table 1 shows, as result of global financial crisis in 2008, the U.S economy fell into a transitory recession, with the help of stimulus package by government, economy gradually recovered it from the end of 2009. Also, the Engel’s law of USA (Table 2), which is the proportion of income spent on food falls (Engle, 1895), it

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