MGMT 5410

Marketing is the business function responsible for understanding the needs of consumers, suppliers and retailers and for creating value for these and other stakeholder groups. As such, it is more than a department within a firm - it is a function that must be undertaken on a company-wide basis. Marketing drives choices about what markets to serve and which needs to satisfy, about what partnerships and relationships to pursue, about product and service design, about prices that can be levied, and about the channels that can best be used for distribution and communication.