business function 2 Flashcards

1
Q

name 5 more types of business functions

A

6.PURCHASING

  1. FINANCES
  2. PUBLIC RELATIONS
  3. PRODUCTION
  4. MARKETING
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2
Q

explain what each of the 5 types of business functions are

A

6.PURCHASING– Buys everything required in the business
from raw materials used in production to

stationery and tea and coffee.

  1. FINANCES– Records and controls all the financial
    records of a business.
  2. PUBLIC RELATIONS– Looks after the public image of the business.
  3. PRODUCTION– Manages the process of changing inputs to outputs
    to ensure efficient use of
  4. MARKETING – Controls advertising and sales in a business.
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3
Q

name 5 Functions of purchasing:

A
  1. Identify suitable suppliers.
  2. Place an order and make payment.
  3. Arrange delivery.
  4. Deal with errors and
    discrepancies.
  5. File documents.
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4
Q

name 3 Roles of finance:

A
  1. Keep up with changes in law
    that may affect the business
    financially.
  2. Control tax affairs.
  3. Manage finances.
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5
Q

name 5 Functions of MARKETING

A
  1. Carry out market research.
  2. Research popular products.
  3. Decide when & where to distribute the product.
  4. Advertising: decide on the
    best medium of advertising.
  5. Branding.
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6
Q

name 3 Roles of PUBLIC RELATIONS

A
  1. Evaluates public opinion.
  2. Plan activities to sway the
    opinion of the public.
  3. Build the brand and image of the business.
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7
Q

name 2 other functions of production

A
  1. Ensures high quality goods
    and services are produced.
  2. Handling volumes to ensure
    demands are met.
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8
Q

what is the difference between marketing and public relations

A

Marketing serves to
advertise products with the intention of directly
increasing sales.

Public relations builds relationships with the public ensuring loyalty.

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