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The 7 Functions of Management
Marketing-information Management
This where all the product and service information is put into play through databases about:
- products
- customers
- competitors
Product and Service Management
Selling
This is the process of collecting marketing information to make great business decisions such as :
- designing
- developing
- improving
- maintaining
Promotion
Financial analysis
This is the process of communicating directly ith potential customers to determine and satisfy their needs
- social media
- family/friends
- advertisements
This is the process where the business budget for :
- marketing activities
- business-decision-making (financially)
- expenses to profit
Pricing
This is the process where there is communication between the customers and market about there needs and wants to acheive a products' goal
- personal selling
- publicity
- public relations
Distribution
This process is the most important and difficult of marketing you subjected to have a decent price with the exception of making profit\
- supply to demand
- cost to promote
- cost to build
- cost to distribute
This is the process of determining the best ways for customers to locate, obtain, and use products and services of an organization
- careful shipping/handling
- storage
- effective target market