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Marketing Function and its Role in Hospitality Industry

   

Added on  2022-10-04

8 Pages650 Words379 Views
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MARKETING FUNCTION
&
HOSPITALITY INDUSTRY
Marketing Function and its Role in Hospitality Industry_1

What is Marketing Function?
The process through which the organization get understand about the successful
product in market and also to promote them by differentiating with the similar
products available in market (Ardito, Petruzzelli, Panniello, and Garavelli, 2019).
The marketing function includes following types which are classified below:
Market Research
Marketing plan
Product development
Exchange Functions
Physical Distribution
Financing
Risk Taking
Packaging and Labeling
Customer Support
Marketing Function
Marketing Function and its Role in Hospitality Industry_2

Roles and Responsibilities of
Market Function
The market function includes
distinct roles and responsibilities
which helps the organization to
grow and develop in the market.
In this strategy management
(Morgan, Whitler, Feng, and
Chari, 2019), marketing
research, sales support system,
product development, finance
team, distribution system etc.
are included.
Marketing Function and its Role in Hospitality Industry_3

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