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4.04 PowerPoint 4.04 Understand activities and careers in marketing. Marketing Marketing is not an event, but a process . . . It has a beginning, a middle, but never an end, for it is a process. You improve it, perfect it, change it, even pause it. But you never stop it completely. - Jay Conrad Levinson Functions of Business • Marketing – Process of promoting and presenting a product or service to customers – Based on four “P’s” • Product – what you are selling (whether it is a good or service) • Price (establishing the price of the product) • Placement (placing the product in attractive and convenient sales locations) • Promotion (advertising, public relations, demonstrations, events, etc.) Marketing Mix (The 4 P’s) 1. Product 2. Place (Distribution) 3. Price 4. Promotion Product • What are products? • How are new products developed? • How are existing products improved? Place • Where are products available for sale? • How do the products get distributed to stores and consumers? Pricing • How do sellers know what price to charge? • What factors influence prices? Promotion • How are customers made aware of products? • How does the seller entice the buyer to purchase the product? • How does the seller brand an image in the buyer’s brain? Marketing Careers • Fashion Merchandising • Travel and Tourism • Marketing Management • Market Researcher Marketing Careers • Salesperson • Sports and Entertainment Marketing • Sales Manager • Telemarketer Marketing Careers • Buyer • e-Marketing