Business Functions Flashcards
What is the role of administration in a business
Responsible for orderly record-keeping on behalf of the other business functions
What is the role of purchasing in a business
Check on the quality of goods bought, the level of service of the supplier and the price.
Makes sure money isn’t wasted and delivery is successful
What is the role of marketing in a business
Moves goods and services from production to the consumer
Without sales the business is not able to earn profits and will fail
What is the role of the finance sector of a business
Keeps close daily controls on the cash flow of the business and makes sure that accounts for inputs and salaries are paid, and money is received from sales.
Also supply management with reports and recommendations
What is the role of public relations in a business
Supports the marketing sector in efforts to increase sales and profits of a business
What is the role of human resources in a business
Keeps posts filled in the business with temporary or permanent workers
Support management with training programs, advice and assistance on appointments, salaries and various other matters
What is the role of the production sector of a business
Improves productivity
Makes all activities of the business more efficient
What is the role of general management of a business
Overseeing role at the top management level
Gives direction and guidance to all activities of all functions based on the mission and goals of the business
What is the role of the risk management sector of a business
Keeps the business operating and reduces financial risks
Also aims to protect the workers and public from negative effects