Week 10 - Food Supply: Retailer, Advertising, Marketing and Consumption Flashcards
Australia Food and Grocery Council (AFGC) priorities include - 2 things
labelling and industry codes
What is the duopoly?
Coles and Woolworths epidemic (major retailers)
Advantages of supermarkets (duopoly)
Capacity to purchase large quantities of food
products
House brands/private labels
Shopping on-line eg Coles online
24 hour shopping
Disadvantages of the duopoly
Erodes community infrastructure and foundation
because independent stores are the life blood of the
rural and regional communities
small businesses are family run so their profit is affected
What are the forces driving the increase in
variety of food products?
- 1 manufacturer benefit
- 2 customer benefit
The desire of supermarkets and food manufacturers to increase sales and maximise profits
The attraction to consumers of products with a wider variety of tastes and textures
Consumer preference for foods which need limited preparation time
How do supermarkets influence food choice?
- 2 reasons
They have control over what foods are stocked on their shelves
Food manufacturers are constantly introducing new food products onto the market which are designed to appeal to the consumers tastes
What is functional food?
- 2
a food containing health-giving additives.
Foods that support human health and wellbeing,
providing health benefits beyond basic nutrition
What’s driving the push for functional foods?
- consumer (2)
- industry (3)
Health concerns and demand for convenience
Self-management of chronic diseases (obesity,
heart Disease, diabetes and bone health
Competitive advantage
Able to price premium
Will be able to make health claims in the future