Business functions

Question 1

What are the 6 main business functions?

Answer 1

HR (human resources)
Finance 
Research and development 
Marketing 
Production 
Distribution/logistics

Question 2

Describe the human resources function.

Answer 2

In charge of recruitment and selection, organising training, sorting internal disputes and dismissal procedures.

Question 3

Describe the finance function.

Answer 3

In charge of organising budgets, plan future spending, liaise with banks for loans and in general anything to do with the organisation of money.

Question 4

Describe the research and development function.

Answer 4

In charge of conducting research into existing products and what there is a demand for in the current market. Developing new products.

Question 5

Describe the marketing function.

Answer 5

In charge of coming up with the best way of advertising products to customers.

Question 6

Describe the production function.

Answer 6

In charge of making the product.

Question 7

Describe the distribution/logistics function.

Answer 7

In charge of distributing the products to customers.