3.1 Chocolate
Growth of chocolate and mars in China
why is this happening in China specifically?
3 Reasons: Try and decide which ones makes the most sense
Result of an incredibly effective marketing campaign by Mars
in Text example
An Income Growth Phenomenon
people must have more money as chocolate is not a necessity, therefore want to buy it
Just rests on that people are richer in China then they used to be
Change in Preference
Independent of marketing, people are substituting what they previously had to the mars bar snacks
Growth of chocolate and mars in China
why is this happening in China specifically?
3 Reasons: Try and decide which ones makes the most sense
Result of an incredibly effective marketing campaign by Mars
in Text example
An Income Growth Phenomenon
people must have more money as chocolate is not a necessity, therefore want to buy it
Just rests on that people are richer in China then they used to be
Change in Preference
Independent of marketing, people are substituting what they previously had to the mars bar snacks