Sales Development and Merchandising Report - Hospitality Sector
VerifiedAdded on 2023/02/06
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Report
AI Summary
This report provides a comprehensive analysis of sales development and merchandising techniques within the context of the hospitality and service sectors, using the HILTON Hotel as a primary case study. It delves into key components of product, design, and layout, evaluating their impact on consumer behavior and spending. The report examines product mix, market segmentation strategies, and factors influencing buyer behavior, including cultural and social influences. Furthermore, it explores appropriate advertising media and the role of external merchandising in enhancing customer base and driving sales. The analysis covers a range of factors affecting sales and profitability, offering insights into how businesses can improve their market share and customer retention. The report also references the HILTON Hotel's approaches to market segmentation, customer communication, and retention strategies. References include scholarly articles discussing analytics, neuromarketing, and self-service merchandising.
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