Functions Of Marketing

What is Marketing

100

The kinds of things you can touch or hold in your hand.

What are goods.

200

Tasks performed for a customer.

What are services.

300

Goods and services, both of which include monetary value.

What are products.

400

The process of developing, promoting, and distributing products to satisfy customers’ needs and wants.

What is marketing.

500

Takes place every time something is sold in the marketplace.

What is an exchange.

Functions of Marketing

100

Communicating with potential customers to inform, persuade, or remind them about a business’s products.

What is promotion.

200

Getting the money that is necessary to pay for the operation of a business.

What is financing.

300

Providing a customer with the goods and services they want.

What is selling.

400

Getting the necessary information to make sound business decisions.

What is marketing-information management.

500

Obtaining, developing, maintaining, and improving a product or a product mix in response to market opportunities.

What is product/service management.

Functions of Marketing 2

100

Deciding how much to charge for goods and services in order to maximize profits.

What is pricing.

200

Deciding where and to whom products need to be sold in order to reach the final user.

What is distribution.

300

Offering credit to customers.

What is financing.

400

Showing that the company is socially responsible.

What is promotion.

500

Involves the systems that track products so that they can be located at any time.

What is distribution.