Explain marketing and the marketing concept.

Explanation should include

  • a definition of marketing
  • the functions of marketing (e.g., selling, promotion, channel management)
  • the relationship between customer satisfaction, business success, profit (i.e., the marketing concept), and the travel and tourism industry.

Process/Skill Questions:

  • What is the difference between marketing and the marketing concept?
  • What happens when a business's practices do not satisfy a customer's needs?
  • How does each marketing function play a role in the travel and tourism industry?
  • How do marketing functions interrelate in the travel and tourism industry?
  • What are the four Ps of marketing?