Pricing - A amount that a consumer should pay for a product and shows the value of product, Marketing - Marketing is a process of promoting products and services, Promotion - A way of encouraging consumers to purchase a item and to increase their satisfaction, Production - A process of making and getting goods to consumers, Operation - A system of tasks to continue ongoing businesses, Distribution - A way to get products to consumers, FInance - Ensures that resources are optimally used to support growth, enhance brand value, and increase sales while maintaining financial health, Marketing Planning - Identify and understand the company’s markets, Product and Service management - Arrange for new goods and services, enhance already-existing products., Market Information Management - Give the marketing team information: give telemarketers product details; give market researchers consumer details to poll; give product managers daily sales figures., Risk Management - Ensure that goods and services are secure.Collaborate with insurers to determine risk and develop new protocols to halt the risks, Money System - Loaned money use to help consumers or producers to transfer goods and services, Central Market - A specific location where people go to, to exchange items., Merchandising - A contribution of producer to consumer or an act of showing off certain product, Accounting and Finance - Keeping track of financial resources, Marketing concept - A way of thinking how customers would use this or that product., Market Mix - Product, distribution, price, and promotion, Advertising - Creating and executing ad campaigns, to generate awareness and interest in the product, Digital Marketing - Selling and introducing products online, Market research - Gathering data to understand customer behavior, market trends and competition through methods like surveys, focus groups, and data analysis ,
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Marketing Functions
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