Discuss the core concepts of marketing for the travel and tourism sector Marketing in the travel and tourism sector is an important factor in making a travel business successful in terms of market share. Within marketing there a numerous known concepts that piece together the defined definition of marketing‚ these include the customer’s needs‚ wants and demands‚ products and services and value. Core concepts In the process of marketing your business it is important to factor in your customers wants
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Evolution of marketing concept in Indian Context: Concept of marketing origins long back in India to year 3300 BC during Indus valley civilization where in most of the marketing was done through street shops‚ street markets and traveling salesmen called as feriwalas. Most of the products were home made i.e. cottage industry was predominant and almost every village was an independent economic entity. Products though home-made‚ carried an excellent quality as same business or profession was carried
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Marketing may be defined as a societal process by which individual and groups obtain what they need and want through creating‚ offering and freely exchanging products and services of value with others. There are four competing concepts under which organizations conduct marketing activities. They are: 1] Production concept: this concept holds that consumers will prefer products that are widely available and inexpensive. For example‚ • Companies involved in the manufacture of candies like
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LIST OF SIX MARKETING CONCEPTS Following are the six concepts of marketing • Production concept • Product concept • Selling concept • Marketing concept • Societal marketing concept • Holistic marketing concept THE PRODUCTION CONCEPT: DEFINITION BY KOTLER: “It is the idea that customers will favor products that are available and highly affordable and that the organization should therefore focus on improving production and distribution efficiency.” EXPLANATION: This
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MARKETING MANAGEMENT -MB- 0046 Q.1. Discuss the different marketing concepts with its merits and drawbacks Ans: Marketing is a set of business activities that facilitate movement of goods and services from producer to consumer. It is an ongoing process of discovering and translating consumer needs into products and services‚ creating demands for them‚ serving the customer and his demand through a marketing programme of promotion and distribution to fulfill the company’s marketing goals in a
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Marketing Concept BUS-110 IT 1 The marketing concept is a business philosophy where a business provides products or services that a customer wants and needs by setting up a series of activities within the company to also allow for the company to achieve their goals and objectives. Three steps involved in the marketing concept are; the business first must find out what potential customers needs are. Second‚ a business has to create the product or service that the potential customer wants
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Critically Discuss the Evolution of Motivation Theory Motivation can be defined as the processes that account for an individual’s intensity‚ direction‚ and persistence of effort towards attaining a goal. Intensity is concerned with how hard an individual tries though it should be channelled in the right direction to achieve a certain goal‚ while persistence is the measurement of how long the individual can maintain their efforts. Prior to the formulation of motivation theories in the 1950’s‚
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even cause you death. This can help me in my concept paper since it also contains statistics about the number of injured people from fireworks and comparison of the number of injuries for the past 2 years. 2. De Antonis‚ Kathy. “Fireworks!” ChemMatters. October 2010. http://portal.acs.org/portal/fileFetch/C/CNBP_025836/pdf/CNBP_025836.pdf. 14 February 2013. b. This is an article from a science magazine ChemMatters. This can help me in my concept paper since it will give a lot of information
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STYLE GUIDELINES FOR LILYDALE MARKETING UNITS (including PRESENTATION REQUIREMENTS AND HINTS) All marketing units taught at Swinburne’s Lilydale campus place great emphasis on the development of written and oral communications skills. These communications and presentation skills are regarded as essential by prospective employers. Besides‚ marketing is basically all about communication - if you cannot communicate effectively‚ you cannot market successfully!). This section sets out style guidelines
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Marketing concept The marketing concept holds that the key to achieving organizational goals consists of the company being more effective than its competitors in creating‚ delivering‚ and communicating customer value to its chosen target markets. The marketing concept rests on four pillars: target market‚ customer needs‚ integrated Marketing and profitability. . The selling concept takes an inside-out perspective. It starts with the factory‚ focuses on existing products‚ and calls for heavy selling
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