Buisness Functions

Question 1

what are business functions?

Answer 1

departments with clearly defined roles and responsibilities

Question 2

what are the main functional departments?

Answer 2

marketing (sales and marketing)
human resources (personnel)
finance (accounts)
operations (production)

Question 3

what are functional objectives?

Answer 3

the goals of each of the functional department that must be closely tied to the corporate objectives

Question 4

what does the marketing department do?

Answer 4

finding out the needs and wants of potential customers and promoting the company’s goods or services
(advertising, promoting, market research)

Question 5

what does the human resources department do?

Answer 5

manages the people who work for the organisation
(recruitment and selection, staff training, health and safety)

Question 6

what does the finance department do?

Answer 6

responsible for managing the money coming into and going out of the business
(raise finance, preparing budgets and final accounts)

Question 7

what does the operations department do?

Answer 7

making the product or providing the service
(production of goods and services, buy raw materials, quality control)