MANAGERIAL FUNCTIONS Flashcards

1
Q

Focuses on Activites related to employee recruitment, training, performance management, and workplace culture.

A

Human Resource

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2
Q

Identifying Customer needs, developing products/services, pricing, promotion, and distribution strategies.

A

Marketing Management

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3
Q

Oversees production processes, inventory management, quality control, and supply chain optimization.

A

Operations Management

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4
Q

Manages Finances, budgeting, financial planning and investment decisions to ensure profitability and sustainability.

A

FInancial Management

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5
Q

Sourcing, Purchasing, and Managing Materials and Supplies that are essential for production and operations.

A

Materials and Procurement Management

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6
Q

Administrative Tasks, Facility Management, Record-keeping, office procedures to support organizational operations

A

Office Management

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7
Q

Oversees strategic utilization and administrationn of technology resources to optimize organizational efficiency and achieve business objectives.

A

ICT Management

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