Define the function
Deciding how much to charge for goods and services in order to maximize profit
Selling
What are some methods of Distibution?
Truck, rail, boat, plane
Getting the money needed to finance the operation of the business
Financing
What is the importance of promotion?
To put your product out, and to grow your business. To bring brand awareness. And advertising.
Where products are sold and how the products get from the producer to consumer.
Distribution
What is the process of developing, promoting, and distributing products for consumers.
Marketing
Obtaining, Developing, maintaining, or improving a product mix in response to market opportunities.
Product
What is the difference between a good and a service?
A good is intangible, while a service is a tangible that is not just a memory.
The process of getting the marketing information needed to make sound business decisions
Marketing Information Management
What are the 7 Functions of Marketing?
Selling, Pricing, Product Service Management, Marketing Information Management, Promotion, Financing, Distribution