WITH SOLUTIONS GRADED A+
◉ Marketing. Answer: The process of communicating a business's
message to its market/guests.
◉ Marketing Mix. Answer: The combination of all the factors that go
into creating, developing, and selling a product.
◉ Contemporary Marketing Mix. Answer: Modification of the standard
marketing model, which uses the "four Ps," to reflect the complexities
and challenges operations now face in today's highly competitive
restaurant and foodservice
industry; it consists of three primary elements: product-service mix,
presentation mix, and communication mix.
◉ Product-Service Mix. Answer: Element of the contemporary
marketing mix that consists of all of the food and services
offered to guests.
◉ Presentation Mix. Answer: All the elements that make an operation
look unique and contribute to its identity, including the
,layout, size, type of furniture used, decorations, color scheme, lighting,
and service uniforms.
◉ Aesthetic. Answer: The way an operation looks and feels to the
guests.
◉ Communication Mix. Answer: All of the ways an operation actively
tries to reach, or communicate with, its desired guests, including through
advertising, as well as through its menu, guest survey requests and other
guest feedback
requests, local community outreach, and Internet social networking sites.
◉ Marketing Plan. Answer: A list of steps an operation must take to sell
a product or service to a specifi c market; every
marketing plan will have five main components: (1) research the market,
(2) establish objectives, (3) develop a marketing strategy, (4) implement
an action plan, and (5) evaluate/modify the action plan as needed.
◉ Target market. Answer: The people an operation intends to pursue as
guests.
◉ Guest driven. Answer: Making sure that satisfying the wants and
needs of the guest drives the marketing strategy
, ◉ Mass marketing. Answer: Marketing that treats everyone in the
market as having the same needs and wants
◉ Target marketing. Answer: Marketing that treats people as being
different from each other and tries to make a focused
appeal to a distinct group of guests.
◉ SWOT Analysis. Answer: The process of identifying an operation's
strengths, weaknesses, opportunities, and threats as a simple way for the
management of an operation to understand its current situation and take
advantage of the opportunities open to it; also called a situation
assessment.
◉ Promotional Mix. Answer: The ways in which an operation goes
about the process of communicating with its market; the
promotional mix can consist of any or all of the following: advertising,
sales promotions, personal selling, publicrelations, and direct marketing.
◉ Advertising. Answer: Paying to present or promote an operation's
products, services, or identity; advertising can be
conducted through multiple mediums, such as television, radio,
newspapers, storefronts, and the Internet
◉ Sales promotion. Answer: Limited, or short-term, incentives to entice
guests to patronize an operation; for example,