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Key Roles And Responsibilities Of The Marketing Functions In Your Chosen Organization

Decent Essays

P1: Explain the key roles and responsibilities of the marketing function in your chosen organisation.
What is marketing?
Marketing is a management process by which a concept of a good or service transform into a product for the customer. Every business success lies on it marketing. Marketing has been defined differently by different authors but two most accepted definitions of marketing are that given by the UK’s Chattered Institute of Marketing (CIM) and the American Marketing Association (AMA) as follows:
“Marketing is the process of planning and executing the conception, pricing, promotion and distribution of ideas, goods and services to create exchange and satisfy individual and organisational objectives” (AMA, 1985)
“Marketing is the management process responsible for identifying, anticipating and satisfying customer requirements profitably (CIM, 2001)”

What is marketing function?
Marketing function is a role within a business organization that helps to identify a product potentiality in a marketplace and promote the product to the market differently from the similar products. Marketing function is a vital part of any business organization.

The key roles and responsibilities of the marketing function
Marketing is a bridge between producers and consumers and marketing function is the link of this bridge. Marketing function plays its role by various components such as: Researching Pricing Buying Promotion Distribution Storage

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