INTERDEPENDANCE OF ALL Flashcards
1
Q
What is Interdependence
A
The 4 Business function have to work together to achieve the goals of the business. They all aim to maximise profit.
2
Q
Finance & HR
A
- Investment in aqusition, develoment and maintanice
- wages
- Skilled employees in Budgeting, reporting
3
Q
Operations & HR
A
- skilled empolyees
- New macinery/tech= different set of skils for employees
- dismissal of redunt employees
- Produces product to fund HR
4
Q
Marketing & HR
A
- Skilled employees (market research, Marketing, sales People, customer service)
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