Hospitality Marketing Overview Flashcards

0
Q

What are the Core Marketing Concept?

A

Needs, wants & demands - Products - Value, Cost & satisfaction - Exchange, transaction & relationship - Market

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1
Q

A social and managerial process by which individuals and groups obtain what the need and wants through creating and exchanging products and value with others.

A

Hospitality marketing

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2
Q

A state of felt deprivation in a person

A

Needs

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3
Q

How people satisfy their needs

A

Wants

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4
Q

Human wants that are backed by buying power

A

Demands

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5
Q

Anything that can be offered to a market for attention, acquisition, use or consumption

A

Products

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6
Q

Consumers estimate of the products overall capacity to satisfy their needs

A

Value

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7
Q

Everything one gives up to gain the product (monetary & non monetary)

A

Cost

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8
Q

Meeting customers expectation for that product

A

Satisfaction

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9
Q

Freedom form defect

A

Quality

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10
Q

The act of obtaining a desired object from someone by offering something in return

A

Exchange

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11
Q

Marketing units of measurements, it consist of a trade value between two parties

A

Transaction

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12
Q

Building a relationship with a company’s profitable customers

A

Relationship

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13
Q

What is SEO?

A

Search Engine Optimization

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14
Q

What do customers wants?

A
  • your customer want more than just product or service that is offered
  • they want to treat them well
  • they want their needs
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15
Q

6 basics customer needs

A
Friendliness
Understanding & empathy
Fairness
Control
Options & alternatives
Information
16
Q

Most basic of all customer needs. It is usually associated with being treated politely and courtesy

A

Friendliness

17
Q

Putting oneself the customer’s shoes and act to fulfill their needs

A

Understanding & empathy

18
Q

There should not be bias in the provision of service

A

Fairness

19
Q

represents the customers’ need to feel they have an impact on the way things turn out.

A

Control

20
Q

Customers need to feel that other avenues are available to getting what they want accomplished.

A

Options & alternatives

21
Q

Customers need to be educated and informed about our products and services, and they don’t want us leaving anything out!

A

Information