When Coca-Cola focused on developing its soft-drink business but missed seeing the market for coffee bars and fresh-fruit-juice bars that eventually impinged on its soft-drink business, it was suffering from ________ because it defined competition in traditional category and industry terms. A. marketing myopia B. factor elimination C. category points of parity D. factor reduction

Business · High School · Sun Jan 24 2021

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A. marketing myopia

Marketing myopia is a term first introduced by Theodore Levitt in a famous article with the same name in "Harvard Business Review." It describes a situation where a company becomes so focused on its own products and short-term gains that it fails to see long-term opportunities or threats from potential substitutes or changes in customer preferences. Therefore, if Coca-Cola focused solely on developing its soft-drink business without recognizing the growing trend of coffee bars and fresh-fruit-juice bars, it can be said that it was suffering from marketing myopia.

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