Interdependent nature of business

Question 1

What is the interdependent nature of business?

Answer 1

The means on how the functions of a business are linked and how there are affected by each other

Question 2

Business Operations

Answer 2

the owners/managers making the most of all the assets owned by the business to convert those assets into quality finished goods and services

Question 3

Marketing

Answer 3

This area works to ensure that the right goods are in the right place at the right time, at the right price to make a profit. This will require the department to organise the advertising and promotion of the products.

Question 4

Finance

Answer 4

Pays for all the assets used to produce the goods and services and requires the payments for that output from the customers.

Question 5

Production

Answer 5

Produces the products that will be sold

Question 6

Human Resources

Answer 6

The coordination of all issues relating to the people a business employs, to ensure that the business is able to operate

Question 7

How does Marketing work with other departments?

Answer 7

Will work with production department to see when the product is ready to be released so they can start promoting the product

Question 8

How does Business Operations work with other departments?

Answer 8

Will work with most departments like HR to ensure employees are recruited and trained properly.