Professional Documents
Culture Documents
Chapter 2 - Marketing Mix
Chapter 2 - Marketing Mix
PARTNERS
PEOPLE
HIP
PLACE
MARKET
ING MIX
PROMOTIO
N
PRICE PRODUCT
The Four Ps of the Marketing Mix
Product Place
C
Price Promotion
Definition of
“Anything that can be offered to a market for attention, acquisition, use or consumption
and that might satisfy a want or need.”
Lack of
Intangibility Characteristics of Tourism
or Hospitality Product
Ownership
Inseparability Perishable
Variability
Intangibility
• A service cannot
be seen, tested, felt, heard or smelled
be evaluated
Service had to be purchased first
• To reduce uncertainty
evidence of the service quality
“manage the evidence” ; ‘tangibilize the intangible”
Service are typically produced and consumed simultaneously.
Service provider and client/customer cannot be separated.
E.g. A restaurant cannot create its services until the food is
ordered by the consumer.
Variability
services depend on:
• who provides them
• when & where they are provided
To control revenue lost from not selling the services, a few strategies
can be used
Differential pricing for peak demand and non-peak demand
E.g. The bus seat are rented for a trip but not for customer to own it.
Customer only pay an amount of money for the services only for a
certain period of time