Tuesday, February 17, 2009

I Forgot What This Post Was About..............

Oh, so yea this blog was supposed to be about the seven key functions that we have learned about. Anyway, the seven key functions are Selling, Distribution, Promotion, Pricing, Financing, Product/Service Management, Marketing Information Management. These correspond with each other because first when you need to say, sell a product you need to know who are you going to sell it to.(product/service management) How are you going to market you product so a group of people will buy it? Are your plans to promote it affective? (promotion/marketing information management) When you have all that figured out, the most important thing still has to be sorted out. How much are are you going to charge for your product/service? Is the group of people you're marketing to going to be able to afford you product? When you are starting up any new product or service, these are the most important things you need to consider.

-June

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