Why is it profitable for a stable like redbull to race in the F1 Research Paper

Why is it profitable for a stable like redbull to fly the coop in the F1 championship - Research Paper ExampleThe research centers on the profitability of a stable like Redbull to race in the F1 championship. In harm of the Redbull products, Dubrin (2008) emphasized Red Bulls corporate strategy includes its marketing strategies the strategies include product, price, place, and promotion factors (Kruz, 2010). Dornbusch and Fischer (1990) emphasized price is the amount that the buyer and seller take as payment for to each one Redbull beverage product. Place re bring outs where each product is displayed. Promotion includes advertising. Promotion also includes paying the sales person to advertise the associations Redbull products. In this case, Redbull is eager to invest lots of cash to sponsor a car step on it team. In return, the friendship expects to recuperate the expenses from the increase in the sales of the Redbull products. The target market includes all markets located in countries around the world, especially countries where the Redbull racing team is mentioned, such as news stories. Generally, pricing includes sell products at equilibrium or fair market amounts. Palmer (2004) insists the company continues to financially grow despite the presence of the current global recession. The companys present strategy focuses on product and service promotion to increase its net profits and dividend distribution. Further, the Redbull company continues to retain its huge share of the beverage market section by implementing customer based marketing programs (Kruz, 2010). The programs include filling the needs of the niche market people needing energy boosting drinks. The offering of the companys energy-enhancing products is grounded on the Redbull branding strategy. The racing includes the expansion, and customer delivery activities precipitating to the companys leadership in the energy drink market segment in price of net profits and revenues in the local and international market place (Feldman, 2007). Redbull continues to creatively enhance its popular beverage image by maximizing simply assets to fulfill the companys aim and objectives. To be profitable in the racing and marketing areas, the Redbull company incorporates innovation, challenge, and passion in its customer-based marketing activities. Aim and Objectives In terms of consultancy, Helfert (2001) reiterated the aim of the Redbull company in sponsoring its own formula one racing team is translate the cost of sponsoring the Redbull races into increases is the profits of the Redbull beverage products. To achieve the aim, the company generates several objectives. First, the company uses the races to advertise the Redbull products. To achieve the aim, Kotler (1994) opined the company generates objectives. The objectives geared towards achieving the Redbull teams aim. One of the objectives is to initially sponsor a formula one racing team. Next, the company pursues a spectacula r performance in the races. Specifically, one of the teams objectives is to win the world constructors drivers championship. Second, the team wanted to win the world drivers champion. Third, the company wants to retain its current position in the racing championships and current Red Bull market segment. Literature revaluation The Formula one championship is characterized as auto racing. Maguire (2007) opined there is only one person inside the vehicle during each race. The Formula represents the rules or policies that each car racer must comply with without exception. The Formula one championships is includes Grand Prix races set in different countries. The results of the Grand Prix race are used for rank the