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The Seven Functions of Marketing

AB
Channel Management -DistributionIs the process of deciding how to get goods into customer's hands.
Market PlanningTargets specific marketing strategies.
Marketing Information ManagementGathers, stores, and analyzes customer trends and competition. The goal is to improve business decision making.
PricingBased on cost and on what competitors charge for the same price.
Product/Service ManagementMaintains and improves product mix in response to market opportunities.
PromotionInforms current and potential customers about a business' products or services.
SellingCustomers receive goods that they want.
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Marketing/Personal Finance Teacher
Chesterfield Juvenile Detention Center
23832, VA

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