The pricing function is important because it affects how well a product will sell and how much profit the business will make. To be successful, businesses need to set prices that customers are willing to pay
This function gets gets products from producers to consumers so they are on hand when consumers so they are on hand whenn consumers want to buy.
Amazing & Powerful
Promotions inform cusromers about new products, improved products, new users for existing products and special values on products
If customers are not satisfied with the sale experience, they will not buy even if they need the product and the price is right
What do the customer think?
Business makes decision based on gathered through marketing-information management function. To gather accurate information, business often conduct research to find to as much as possible about customers.
We need new ideas
This is the function that involves deciding on the products that business will produce or offer. It is important because a business must offer the products that customers want or need to be successful.