Answer:
Here are three key marketing functions that I think are the most important when starting a business:
Market research: Understanding the market is crucial when starting a business. Market research involves gathering and analyzing information about potential customers, competitors, and the industry to identify opportunities and challenges. It helps in identifying the target audience and developing a product or service that meets their needs. By conducting market research, businesses can determine the most effective marketing channels and messages to reach and engage their target customers.
Branding: Building a strong brand is critical for any business, especially when starting out. Branding involves creating a unique identity that distinguishes the business from its competitors. It includes developing a name, logo, tagline, and other visual and verbal elements that communicate the business's personality, values, and benefits. Branding helps businesses create a strong reputation and establish a loyal customer base. It also makes it easier for customers to recognize and remember the business and its offerings.
Promotion: Promoting the business is necessary to attract customers and generate sales. Promotion involves communicating the value of the product or service to the target audience through various marketing channels such as advertising, public relations, social media, and events. It also involves developing promotional materials such as brochures, flyers, and websites that convey the business's message and offerings. Effective promotion helps businesses increase awareness, build credibility, and ultimately drive sales.
In summary, market research, branding, and promotion are three key marketing functions that are critical when starting a business. By understanding the market, building a strong brand, and promoting effectively, businesses can attract and retain customers, build a strong reputation, and ultimately achieve success.
Step-by-step explanation: