Tuesday, February 17, 2009

Key Functions of Marketing: How they interelate

The key functions that we have gone over include: Product Service Management, Distribution, Selling, Marketing Info Management, Financing, and Pricing. Each element of marketing interelates. For example, when selling your product, you have to determine your price. To determine your price, you must look at other aspects such as distribution and service management. You also have to know your finances to make sure you are marketing your product to its full potential. Each key function contributes to the Marketing part of a product. Each function is vital to the success of selling the product to its full potential. Leaving out any of the functions will cause a major problem.

Without Management, your product will never succeed
Without Distribution, your product will never be known
Without Selling, your product will never make any money
Without Marketing, your product will never enter any household
Without Financing, your product will never make enough money
Without Pricing, your product will never be handled properly

With all of the Functions, your product will succeed and make you alot of money.

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