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Marketing Goods and Services
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Marketing
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9 Functions of Marketing
Product/Service Planning Purchasing Financing Distribution (Place) Pricing Risk Management Marketing Information Management Promotion Selling
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Product/Service Planning
Assist in the Design and Development of Products and Services. Picture retrieved Oct. 25, 2011 from
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Purchasing Determine the needs of the organization. Identify the best sources to obtain needed products and services Picture retrieved 10/25/11 from
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Financing Budgeting and obtaining necessary financing for the business. Providing customers with financial assistance Retrieved 10/25/11 from Retrieved 10/25/11 from
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Distribution (Place) Determine the best ways to get the product or service to potential customers. Picture retrieved 10/25/11 from
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Pricing Establish and communicate the value of goods and services to potential customers. Pictured retrieved 10/25/11 from
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Risk Management Providing security and safety for products, personnel, and customers. Reduce the risk associated with marketing decisions and activities.
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Marketing Information Management
Obtaining, managing, and using market information to improve decision making and the performance of marketing activities. Focus Group Picture retrieved 10/25/11 from
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Promotion Promotion Selection
Communicating information to prospective customers through promotional methods encouraging customers to take action. Promotion Selection
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Selling Direct personal communications with prospective customers assessing their needs and wants and working to satisfy them.
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