09.4 interdependence with other key business functions

Question 1

Operations

Answer 1

• Identifying potential changes to supplier to reduce costs
• Finance is required for inputs, machinery, land etc. to create value whilst receiving a return on investments

Question 2

Marketing

Answer 2

• Finance establishes budgets and forecasts marketing must follow
• Increase market share using increased promotion and implements to product

Question 3

Human Resources

Answer 3

• Finance provides funds for wages and HR strategies such as training and development.