business function 2 Flashcards
1
Q
name 5 more types of business functions
A
6.PURCHASING
- FINANCES
- PUBLIC RELATIONS
- PRODUCTION
- MARKETING
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.
- FINANCES– Records and controls all the financial
records of a business. - PUBLIC RELATIONS– Looks after the public image of the business.
- PRODUCTION– Manages the process of changing inputs to outputs
to ensure efficient use of - MARKETING – Controls advertising and sales in a business.
3
Q
name 5 Functions of purchasing:
A
- Identify suitable suppliers.
- Place an order and make payment.
- Arrange delivery.
- Deal with errors and
discrepancies. - File documents.
4
Q
name 3 Roles of finance:
A
- Keep up with changes in law
that may affect the business
financially. - Control tax affairs.
- Manage finances.
5
Q
name 5 Functions of MARKETING
A
- Carry out market research.
- Research popular products.
- Decide when & where to distribute the product.
- Advertising: decide on the
best medium of advertising. - Branding.
6
Q
name 3 Roles of PUBLIC RELATIONS
A
- Evaluates public opinion.
- Plan activities to sway the
opinion of the public. - Build the brand and image of the business.
7
Q
name 2 other functions of production
A
- Ensures high quality goods
and services are produced. - Handling volumes to ensure
demands are met.
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.