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Explain the following functions of Marketing:

(i) Gathering and Analysing Market Information.

(ii) Marketing Planning.

(iii) Customer Support Services.

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Functions of Marketing:

(a) Marketing research/Gathering and analysing market information: Marketing research is the systematic investigation of the facts relevant to the various aspects in marketing. Marketing research helps managers to arive at an appropriate decision. Market information should be gathered and analysed, appropriately.

(b) Market Planning: This is concerned with the development of appropriate marketing plans to achieve the marketing objectives of an organisation. This includes making a comprehensive action programme covering all the important aspects of the plan.

(c) Customer support services: Services such as after sales services, maintenance services, technical services, handling customer complaints are included in this function.

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