The increased popularity of Cholula hot sauce has been aided, in part, by a successful social media and word-of-mouth program. Cholula has managed to effectively compete and grow its market share and profitability in the already crowded U.S. hot sauce market. Determining how that has been accomplished is the basis for this unitâ€™s assignment.
Analyze the Best Global Practice case study, â€œCholula: Americaâ€™s Hottest Sauce,â€ on pages 76 and 77 in the textbook. If you do not have the book just research the company.
Complete the tasks below, which are associated with the case study in the textbook.
Answer question 1 using Porterâ€™s approach as a framework for your response.Based on the information in the case study and any outside resources, perform a profitablitlity analysis of the hot sauce industry. what is cholula’s biggest challenge?
Answer question 2,using outside resources, offer an assessment of the size of the hot sauce market in the U.S. Be prepared to defend your mehtod for market sizing.
Respond to each question in essay format; each answer should be a minimum of 250 words. This assignment should be approximately two pages in length.
Use APA formatting when writing your responses. All sources used, including the textbook, must be referenced, and quoted or paraphrased material must have accompanying in-text citations.