Business Functions Flashcards
Name all nine of the business functions
1- administrative
2- purchasing
3- marketing
4- financial or finance
5- risk control
6- public relations
7- human resources
8- action
9- general management
What does the ADMINISTRATIVE FUNCTION do
The administration function handles all their paperwork in the business and includes employee such as secretaries, administrative assistance, personal assistant and administrators
What does the PURCHASING FUNCTION do
It is responsible for buying or procurring all the raw materials and finished goods that are business needs to function
What does the MARKETING FUNCTION do
Raises awareness of the businesses goods of services to as many potential customers as possible
What does THE FINANCE FUNCTION do
Managers all aspects of the business’s finances
What does the RISK CONTROL FUNCTION do
Identifies and assesses the possibilities of risk to the business ,such as, natural disasters, credit risk and project failure.
What does the PUBLIC RELATIONS FUNCTION do
Involves giving business good publicity and exposing them to as many potential customers as possible to encourage sales
What does the HUMAN RESOURCES FUNCTION do
Managers all the people in the business and make sure they’re not exposed to dangerous working conditions
What does the PRODUCTION FUNCTION do
Managers all aspects of the businesses production, it’s inputs and output
What does the GENERAL MANAGEMENT FUNCTION do
It overseas and managers all of the other business functions