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Question 4: (25 marks) (word count: 500 words) "Explain at least five different "Functions of Marketing" to any local company of your choice. Functions of Marketing 1.Buying: understanding buyers' needs and desires to determine what products to make available. 2.Selling: a persuasive activity that is accomplished through promotion (advertising, personal selling, sales promotion, publicity, and packaging). 3. Transporting: is the process of moving products from the seller to the buyer. Marketers focus transportation costs and services. 4.Storing: is part of the physical distribution of products and includes warehousing goods. on Functions of Marketing 5. Grading: refers to standardizing products by dividing them into subgroups and displaying and labeling them so that consumers clearly understand their nature and quality. 6.Financing: For many products, especially large items such as automobiles, refrigerators, and new homes, the marketer arranges credit to facilitate the purchase. 7.Marketing Research: By gathering information regularly, marketers can detect new trends and changes in consumer tastes. 8.Risk Taking: Risk is the chance of loss associated with marketing decisions. Which result in either success or failure. ng focuses on a complex set of activities that must be performed to accomplish objectives and generate exchanges