principles of business and marketing (pbm). marketing functions product/service planning ...
TRANSCRIPT
![Page 1: Principles of Business and Marketing (PBM). Marketing Functions Product/Service Planning Purchasing Financing Distribution Pricing Risk Management](https://reader036.vdocument.in/reader036/viewer/2022082710/56649dc55503460f94ab93ac/html5/thumbnails/1.jpg)
Principles of Business and Marketing (PBM)
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Marketing Functions Product/Service Planning Purchasing Financing Distribution Pricing Risk Management Marketing Information Management Promotion
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Carry-EzeWorking with product designers,
developed a small leather case with pockets designed to hold the devices and accessories that executives regularly carry. They show models to prospective customers and, based on feedback, make changes and improvements.
Product/Service Planning
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Carry-Eze
While the product is being produced, marketers decide on a name, packaging, and how it will be distributed.
PromotionDistribution
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Carry-Eze
They identify and purchase the supplies, materials and services needed to complete marketing activities.
Purchasing
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Carry-Eze
They work with their financial people to develop budgets and line up cash to pay for marketing activities until products are sold.
Financing
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Carry-Eze
The next marketing decision is how to get the products to the people most likely to buy them.
Distribution
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Carry-Eze
Product security is always a concern, so security procedures are developed and insurance policies are reviewed to minimize their risk.
Risk Management
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Carry-EzeThey rely on a great deal of
information to make marketing decisions and manage marketing activities. That information is gathered, updated regularly, and maintained in its computer system, so it is available when needed.
Marketing Information Management
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Carry-Eze
Since marketers know that consumers will need information about the product, they work with an advertising agency to develop ads, brochures, and product displays.
Promotion
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Group Activity Work in groups of three Come up with an idea for a new candy bar In your Marketing Functions Word document, type a
paragraph describing your candy bar Include a name for your candy bar, and at least three different
ingredients Type in the name of the other people in your group
Below the description of your candy bar, type in the eight Marketing Functions
Next to each function, type in ways your candy bar company would perform each Marketing Function
Use the CarryEze examples to get ideas, but do not copy them
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Class WorkTotal of 10 points4 points for the CarryEze Marketing
Function examples2 points for the candy bar
description4 points for the candy bar Marketing
Function examplesEach person must complete a Word
document and e-mail it to me
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Principles of Business and Marketing (PBM)