1985 New Coke Fiasco

Essay specific features

 

Issue:

Business

 

Written by:

Jesse H

 

Date added:

August 25, 2014

 

Level:

University

 

Grade:

B

 

No of pages / words:

3 / 676

 

Was viewed:

5521 times

 

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Essay content:

Michael Ross from MSNBC.com quotes, "[S]ome likened the change in Coke to trampling the American flag." www.buildingbrands.com wrote in an article, "The launch created a ?public outcry', with Coke receiving 40,000 letters of complaint and over 6,000 calls a day to the company's ?0800' phone number." Customers from all over were buying supplies of the original Coke in bulk...
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Ross says that, opportunist ingeniously took advantage of the situation and sold cases of original Coke for as much as $30 per case as reported by Newsweek. It took less than 3 months for Coca-Cola to yank the product off the shelves after realizing that it was not going to succeed. The different articles summarize that, "Coca-Cola had done at least two years of market research, at an expense rounding $4 Million dollars, and about 200,000 taste tests where New Coke outperformed Pepsi...
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