Examlex
Which of the following are the five sub-mixes of the hospitality marketing mix?
Marketing
The process of promoting, selling, and distributing a product or service, including market research and advertising.
Commoditized
Refers to products or services that are perceived as interchangeable with others in the market, often leading to competition primarily based on price.
Functional Need
The basic requirement of consumers that prompts the search for products or services that can solve a specific problem or fulfill a need.
Pinnacle of Equity
The highest level of brand equity a brand can achieve, characterized by strong brand loyalty, recognition, and preference.
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