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7 Functions of Marketing

AB
Product/service mgmtdesigning, developming, maintaining, improving and acquiring products or services so they meet the customer needs
Distributiongetting the product into the hands of the consumer
Sellingdirect and personal communication with customers to improve business decision making
Marketing/Info Mgmtgathering and using information about customers to improve business decision making
Financingcompany budget for business/marketing efforts; providing a way to pay for something
Pricingthe process of establishing and communicating vaules or cost of goods
Promotionusing advertising to communicate information about products
tangiblesomething you can touch
intangiblesomething you cannot touch
marketingprocess of developing, distributing, promoting products, goods or services, to satisfy customers needs and wants


Business Teacher
Southern High
NC

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