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Role of Marketing. Functions of Business Management/ Administration Accounting/FinanceMarketing Functions of Marketing Marketing ConceptMarketing MixMix.

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Presentation on theme: "Role of Marketing. Functions of Business Management/ Administration Accounting/FinanceMarketing Functions of Marketing Marketing ConceptMarketing MixMix."— Presentation transcript:

1 Role of Marketing

2 Functions of Business Management/ Administration Accounting/FinanceMarketing Functions of Marketing Marketing ConceptMarketing MixMix ProductionOperations

3 Wheel of Marketing Information System FinancingPricingPromotion Product/ Service Management DistributionSelling

4 Marketing Concept Using the needs of customers as the primary focus during the planning, production, distribution, and promotion of a product or service

5 Marketing Mix Product Place Price Promotion

6 Marketing Information Management Gathering and using information about customers to improve business decisions

7 Financing Budgeting Customers paying for products purchased Loans and capital needed to operate a business

8 Pricing Process of establishing and communicating the value of cost of goods and services to customers

9 Promotion Using advertising and other forms of communicating information about products, services, images, and ideas to achieve a desired outcome

10 Product/Service Management Designing, developing, maintaining, improving, and acquiring products or services so they meet customer needs

11 Distribution Determining the best way to get a company’s products or services to customers

12 Selling Direct and personal communication with customers to access and satisfy customer needs


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