Marketing managers develop pricing strategy with an eye towards maximizing the firm's share of the market and its profits while ensuring that the firm's customers are satisfied. In collaboration with sales, product development, and other managers, they monitor trends that indicate the need for new products and services and oversee product development. Marketing managers work with advertising and promotion managers to best promote the firm's products and services and to attract potential users. Sales managers direct the firm's sales program. They assign sales territories and goals and establish training programs for their sales representatives.
Managers advise their sales representatives on ways to improve their sales performance.
In large, multiproduct firms, they oversee regional and local sales managers and their staffs. Sales managers maintain contact with dealers and distributors. They analyze sales statistics gathered by their staffs to determine sales potential and inventory requirements and monitor the preferences of customers. Such information is vital to develop products and maximize profits. Except in the largest firms, advertising and promotion staffs generally are small and serve as a liaison between the firm and the advertising or promotion agency to which many advertising or promotional functions are contracted out.