1. Logarithmic functions are the inverse of exponential functions. The logarithm of a number represents the power to which the base must be raised to produce that number.
2. Common properties of logarithms include adding exponents when multiplying terms with the same base and subtracting exponents when dividing terms with the same base.
3. The change of base formula allows converting between logarithms with different bases using a ratio of logarithms and the natural logarithm.