explain the 7 elements of the extended marketing mix and illustrate how the mix would be tailored to suit the needs of two customer groups‚ within a Hospitality and Tourism organisation of the choice. The organisation author choose to help demonstrate how extended marketing mix is used in real work environment is Hilton Belfast Hotel in Northern Ireland. Author will explain extended marketing mix definition and 7 elements of it. Extended Marketing Mix Marketing decisions generally fall in to the following
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Trader Joe’s Marketing Mix “We tried it! We liked it! If you don’t‚ bring it back for a full refund‚ no questions asked.” That is the product guarantee of Trader Joe’s. Product Trader Joes’ is a chain of grocery stores that stock many of the basic foods as well as hard to find‚ unusual items both local and international. They have a base of products they always carry while other products are a continuously changing mix: either rotated or simply only carried only once. It is not a one-stop store
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1 Executive summary This paper analyses and compares two major global hotel chains‚ Marriott International‚ Inc. and Starwood Hotels & Resorts Worldwide‚ Inc. Both chains have extensive investments in and outside the US. They have very strong brand names and are quite competitive. However they differ in their strategies‚ like the market segment each one targets‚ the role of technology in the business‚ the financial efficiency of their systems etc. The paper discusses the extent of globalisation
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Marketing mix of MCAT Box Office (MBO) Cinema and Lotus Five Star (LFS) Cinema will be analysed in this section‚ which comprises of product‚ price‚ place and promotion (4Ps). a. Product MBO Cinema and LFS Cinema provides the facility of e-booking tickets. Customers are able to book their tickets in advance without having to wait for long queues at the ticket counter to save time. Besides selling tickets as their main business‚ both Cineplex also sell popcorns‚ soft drinks‚ other snacks‚ and exclusive
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6 Boost - Turkey Marketing Mix Product and Price Right at the beginning of the service encounter at a Boost Juice store‚ prices have to be all clear to the customer. The price range can vary in a minimal way thus several different target groups could be addressed. There are different price strategies which could be applied to the Boost products. In this case it is recommended to stick to the common price strategy as it is used in Australia. The prices for Boost products such as smoothies‚ freshly
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Marriott Corporation: The Cost of Capital Simrith Sidhu‚ Amy-Jane Miocevich‚ Jacques Rousset‚ Jing Tao Task One: Marriott uses the Weighted Average Cost of Capital (WACC) to measure the opportunity cost for investments. WACC is calculated using the 1987 financial data provided in the Marriot Corporation: The Cost of Capital (Abridged) case study and estimators. WACC = Cost of Equity x (Equity/Debt +Equity) + Cost of Debt x (Debt/(Debt + Equity)) x (1 – Tax Rate) This method is applied for
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Pritzker in 1957. The first hotel purchased was located in Los Angeles‚ California. Hyatt is a management company that runs the operations of each hotel even though most of the Hyatt hotel properties are privately owned. They currently have two hundred sixteen hotels around the world and recently purchased one hundred forty three AmeriSuite hotels which were renovated and are being operated under their new name‚ Hyatt Place. Hyatt is known for specializing in luxury hotels that also provide meeting
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Marketing Mix PRODUCT As a clothing store which is focusing on local designed and European designed clothes‚ our products are going to be high-end‚ fashionable‚ green and unique. First‚ because the trend of ENVIRONMENTAL PROTECTION develops very fast‚ we want to encourage our designers to consider using green dressing materials or put some elements of eco-awareness in their creations. At the same time‚ we are going to use Environmental protection shopping bag in our business and use green
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Hewlett Packard Marketing Mix Introduction The Hewlett-Packard Company was originated in January 1939 by Bill Hewlett and Dave Packard‚ two Stanford University classmates. The company incorporated in 1947. Mr. Packard was appointed as the President and Mr. Hewlett as the Vice President. The company’s foundation was supported by the demand for electronic equipment and microwaves. Gradually‚ HP has concentrated its offerings in software and technology services. Hewlett Packard went public in 1957
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Contents I. Executive Summary 2 II. Relation to Corporate Goals 2 III. Situation Analysis and Trend Forecasting 3 IV. Problems and Opportunities 5 V. Consumer Analysis 6 VI. Marketing Strategy and Tactics 7 [pic] ***** I. Executive Summary Our hotel is a bussiness&luxury hotel. Our targeted market segment in made of business persons and families with medium to high income. The resources needed include only money‚ approximately 30.000 Euros‚ that will
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