Vectors can perform their functions in two main ways: transcription and expression. There are several types of vectors, including plasmids, which are small, self-replicating DNA molecules commonly used in molecular cloning. Plasmids are important tools in genetic engineering as they can be easily manipulated and transformed into bacteria to generate multiple copies of recombinant DNA. Common plasmid vectors include transcription vectors, which amplify DNA sequences without expressing proteins, and expression vectors, which are used to express foreign genes in cells.