OVERVIEWCoca-Colais a carbonated soft drink sold in stores, restaurants, and vending machines internationally. TheCoca-Cola Company claims that the beverage is sold in more than 200 countries. It is referred to simply asCoke, originally intended as a patent medicine when it was invented in the late 19th century by JohnPemberton, Coca-Cola was bought out by businessman Asa Griggs Candler, whose marketing tactics led Coketo its dominance of the world soft-drink market throughout the 20th century.“The Coca-Cola Company entered India through its wholly owned subsidiary, Coca-Cola India Private Limitedand re-launched Coca-Cola in 1993 after the opening up of the Indian economy to foreign investments in 1991.Since then its operations have grown rapidly through a model that supports bottling operations, both companyowned as well as locally owned and includes over 7,000 Indian distributors and more than 1.3 million retailers.Today, our brands are the leading brands in most beverage segments. The Coca-Cola Company’s brands inIndia include Coca-Cola, Fanta Orange, Fanta Apple, Limca, Sprite, Thums Up, Burn, Kinley, Maaza, MaazaMilky Delite, Minute Maid Pulpy Orange, Minute Maid Nimbu Fresh and Nestea Iced tea, the Georgia Goldrange of teas and coffees and Vitingo (a beverage fortified with micro-nutrients).In India, the Coca-Cola system comprises of a wholly owned subsidiary of The Coca-Cola Company namelyCoca-Cola India Pvt. Ltd. which manufactures and sells concentrate and beverage bases and powderedbeverage mixes, a Company-owned bottling entity, namely, Hindustan Coca-Cola Beverages Pvt Ltd; thirteenauthorized bottling partners of The Coca-Cola Company, who are authorized to prepare, package, sell anddistribute beverages under certain specified trademarks of The Coca-Cola Company; and an extensivedistribution system comprising of our customers, distributors and retailers. Coca-Cola India Private Limitedsells concentrate and beverage bases to authorized bottlers who are authorized to use these to produce ourportfolio of beverages. These authorized bottlers independently develop local markets and distribute beveragesto grocers, small retailers, supermarkets, restaurants and numerous other businesses. In turn, these customersmake our beverages available to consumers across India.”1DEMAND:Demand for a commodity refers to the quantity of the commodity which an individual household iswilling to purchase per unit of time at a particular price.2LAW OF DEMAND:The inverse relationship between the price of the commodity and the quantity demandedper time period is referred to as the “law of demand”.