business functions Flashcards
1
Q
name the 4 business functions
A
finance, marketing, human resources, operation of production
2
Q
what is finance as a function?
A
money to finance the product
3
Q
what is marketing as a function?
A
finding out what the customer wants
4
Q
what is human resources as a function?
A
people + law managing (skills + efforts)
5
Q
what is operation of production as a function?
A
the product
6
Q
what is an enterprise?
A
getting the factors of production, managing them, providing goods + services + making profit
7
Q
what effects these business functions outside the business?
A
technology, legal regulations, economic issues, the change in market (social situations)
