EOPA: Marketing Concepts Study Guide

EOPA: Marketing Concepts Study Guide Define Marketing - Answer️️ -Marketing is a process of developing, promoting, pricing, and distributing goods and services to customers in order to satisfy customer needs and wants. What are the 7 functions of marketing? - Answer️️ -1. Distribution 2. Financing 3. Marketing Information Management 4. Pricing 5. Product/Service Management 6. Promotion 7. Selling Product/Service Management - Answer️️ -The process of planning, improving, and/or adding to a firm's product line. Distribution - Answer️️ -Decisions surrounding the transportation and storage of goods from producer to consumer. Finance - Answer️️ -Decisions about how to find the money to invest in the business and helping customers to find ways to purchase the ©SOPHIABENNETT EXAM SOLUTIONS Saturday, September 7, 2024 6:58 PM Page | 2 product. Marketing Information Systems/Market Research - Answer️️ -Collecting and analyzi