ADM 3313 Lecture Notes - Lecture 1: Chief Financial Officer, Demand Forecasting

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Key issues or challenges faced by charles chocolates. The charles brand emphasized heritage, therefore they focus on a traditional packaging. This is one of the main issue faced by charles chocolate. Because they focus on using a traditional packaging method, they are only targeting older consumers and not appealing to the younger ones. Most of the time, younger customer aren"t even aware of the existent charles chocolate because the marketing of the product does not take into consideration all the market segments that they could target. They are only using few advertising media such as newspaper and radio and not adopting other more successful one such as online media. This prevents them from getting other valuable customers. Despite being an old brand, a lot of people have never heard of. Charles, this is due to minimal advertising, therefore they lack brand recognition.

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