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?