Business Functions

Question 1

What does the accounting and finance department do?

Answer 1

This department monitors, forecasts and controls the business’s financial resources and keeps detailed records of all the products the business has made and sold

Question 2

What is the operations management department responsible for?

Answer 2

Refers to designing and controlling the process of production to make it as efficient as possible e.g stock control, quality control etc

Question 3

What does marketing do?

Answer 3

They identify the needs of consumers by conducting market research and attempting to satisfy the consumers in order to make a profit

Question 4

Is customer service part of marketing?

Answer 4

Yes because they way the product is sold can influence whether it is purchased

Question 5

What does the department Human Resource Management do?

Answer 5

This department is responsible for the wellbeing of the employees including recruitment and training and terminating employment

Question 6

What would happen if a business function was given insufficient attention or co ordination between them was poor?

Answer 6

The business would not be as profitable and stakeholders would suffer