Describe the marketing functions.

Description may include the following functions:

• Marketing information management (gathering, storing, and analyzing information, including marketing research)
• Market planning (understanding the concepts and strategies used to develop and target to a select audience)
• Pricing (setting prices)
• Promotion (using a variety of communication methods to educate customers about a business and attract them to buy its products)
• Product service management (designing and developing goods and services)
• Distribution, or channel management (transporting products to customers)
• Selling (exchanging a product for an agreed-upon amount of money)
• Financing (budgeting for marketing activities, obtaining necessary funds for operations, and providing financial assistance to customers)