Tate & Lyle Sugar to Be Fair-Trade Case Study Example | Topics and Well Written Essays - 1000 words - 15

Tate & Lyle Sugar to Be Fair-Trade - Case Study ExampleIt is evidently clear from the discussion that during the maturation stages of a product, the product manufacturers should focus more on devising specific strategies for maintaining growth. During this stage more competitors will enter the commercialise, companies increase the number of product offerings in order to differentiate themselves from competitors, the prices may begin to fall and the emphasis may shift from moderate to heavy advertising and promotion activities(Planning Middle Growth Stage, 2010). Tate & Lyles product Granulated white sugar is in the growth stage of its product life cycle and hence it may severe completion from the market as more and more competitors may enter the market for reaping the profit. It is difficult for Tate & Lyle to sell their product for a higher price even though the sales volume and public awareness may increase.Tate & Lyle needs to elaborate on their distribution or logistics channe ls in order to reach more hostile customers during the growth stage of their product, Granulated white sugar. Moreover, the expenditure on promotional activities and advertising should be increased in order to tackle the efforts of competitors. Even though the sales of Granulated white sugar may increase during the growth stage, the expenditure for maintaining the growth phase would be more than any other stages of the consummate life cycle of the product.