LO2 - Understand how the functional areas of businesses work together to support the activities of businesses Flashcards
Key tasks of functional area
Finance
Financial control and record keeping
Key tasks of functional area
Marketing
Promoting the business using different and relevant forms of media, including social media
Key tasks of functional area
Sales
Selling business products/services
Key tasks of functional area
Operations Management
Converting inputs to outputs
Key tasks of functional area
Human Resources
Planning recruitment, redundancies, remuneration and reward systems
Key tasks of functional area
Customer services
Liaising with customers,
managing expectations and resolving queries
Key tasks of functional area
Business support services
Managing resources, maintaining equipment, providing IT support, providing administrative support
Key tasks of functional area
Purchasing/procurement
Sourcing and providing materials or services
Key tasks of functional area
Research and development
Developing new products and services in response to research findings
How business functions interrelate with other business functions
