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Role of Marketing
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Functions of Business Management/ Administration Accounting/FinanceMarketing Functions of Marketing Marketing ConceptMarketing MixMix ProductionOperations
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Wheel of Marketing Information System FinancingPricingPromotion Product/ Service Management DistributionSelling
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Marketing Concept Using the needs of customers as the primary focus during the planning, production, distribution, and promotion of a product or service
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Marketing Mix Product Place Price Promotion
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Marketing Information Management Gathering and using information about customers to improve business decisions
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Financing Budgeting Customers paying for products purchased Loans and capital needed to operate a business
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Pricing Process of establishing and communicating the value of cost of goods and services to customers
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Promotion Using advertising and other forms of communicating information about products, services, images, and ideas to achieve a desired outcome
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Product/Service Management Designing, developing, maintaining, improving, and acquiring products or services so they meet customer needs
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Distribution Determining the best way to get a company’s products or services to customers
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Selling Direct and personal communication with customers to access and satisfy customer needs
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