Areas of Management Flashcards
1
Q
Operations of Management
A
- Produces goods or services
- Business must have a good/ service
- Operations as an area of management contributes to objectives by producing goods to make a revenue (which makes a profit)
- Operations directing influence the quality of a good or service
2
Q
Human Resources
A
- Establishes and manages the relationship the business has with employees ( hiring, training, termination)
- Different areas of management require different skills
- HR ensure employees are treated well
3
Q
Sales and marketing
A
- Handles monetary requirements
- Require money to start. function and grow
- Finance raise funds, budget and prepare reports
4
Q
Technology
A
- Installs automated equipment, machinery and devices