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Benefits of marketing
Marketing Activities
Definitions
7 functions of marketing
100
Increased competition, variety of goods, mass communication, and foriegn and domestic societies benefit.
How does marketing benefit our society.
100
Tangible Purchases
What are goods?
100
MIM, Product service management, Pricing, Distribution, Promotion, Selling, Financing.
What are the seven functions of marketing?
200
Provides usable info to make business decisions.
What does MIM(Marketing information management) do?
200
economics, business management, entrepreneurship, communication skills, professional development.
What are the four foundations of marketing?
200
Strenghts, Weaknesses,, opportunities, threats.
What is SWOT?
200
Determining and responding to customers needs and wants through personalized communication(face to face).
What is selling?
300
Study of allocating resources to maximize their uses.
What is economics?
300
Barbershop, carwash, and anything that isnt tangible.
What is a service?
300
Communication that is used to inform, persuade, or remind customers about a business's products.
What is Promotion?
400
Interacting with people and organizations.
What are communication skills.
400
Create awareness of product/service. have acces to product/service, multiple channels to purchase product/service.
What is the role of marketing?
400
All activities to get a product from the manufacturere to the consumer that are guided by consumers wants and needs.
What is Marketing.
400
Transporting, storing and handling goods from the manufacturer to the consumer. large impact on pricing due to transportation costs.
What is Distribution?
500
ongoing growth within a career path.
What is Professional development?
500
Society would remain a self subsistnece style of living.
What if marketing did not exist?
500
Manage cash cash needs of a business on a daily basis for future needs.
what is financing?
500
Also known as advertising?
What is Promotion?