Marketing Functions

MARKETING FUNCTIONS Introduction · Marketing functions refer to the core activities involved in the flow of goods and services from producers to consumers. · These functions ensure that the right product reaches the right consumer at the right time and price. Selling Definition: The process of convincing customers to purchase a product or service. Activities Involved: Persuasion Negotiation Customer relationship management Importance: Generates revenue; creates consumer demand; builds customer loyalty. Buying Definition: The process of acquiring goods and services for resale or production. Types: Consumer Buying: For personal use Industrial Buying: For business purposes Key Factors: Quality, quantity, price, timing, and source. Transportation Definition: The physical movement of goods from the plac...