Functions of a Business Flashcards
1
Q
What are the 4 main functional departments?
A
Human Resources
Operations
Finance
Marketing
2
Q
What does finance do?
A
Budgets
Spending and investments
Avoid bankruptcy
Tracks revenue, cost and profit
Pays staff
3
Q
What does marketing do?
A
Advertising Selling Delivering to customer Researching customer needs in once Brand awareness Persuade purchase
4
Q
What does human resources do?
A
Recruitment and selection
Motivation of employees
Direction of the company
Firing of staff and discipline
5
Q
What does operations do?
A
Managing production
Efficiency
Waste
Volume of production
