Y10 BM TB1 Business Functions ( (Marketing (Promotes and sells products or…
Y10 BM TB1 Business Functions
key areas in business that must work together in order to achieve the goals of the organisation.
Oversees staffing within an organisation.
Ensures that appropriate people are employed
Set salaries (with the assistance of F&A) and benefits
Recruits, trains, dismisses employees
Finance and Accounts
part of an organization that manages its money.
Typically includes planning, organizing, auditing, accounting for and controlling its company's finances.
Budgeting for other departments
Keeping accurate financial records
Ensure payment for goods and services bought for operating the business
Promotes and sells products or services, including market research and advertising.
Promotes the product or service
Decides the price of the product or service
Packages the product or service
Distributes the product or service to the appropriate locations
Conducts market research to determine the above roles.
The everyday running of the business
Determining the processes used to make the product or service.
Controls stock for producing the product or service.
Manages and oversees the other functions of the business to ensure the organisation is working efficiently.
Corporate Social Responsibility
A corporation's initiatives/activities to assess and take responsibility for the company's effects on environmental and social wellbeing.
Almost all large organisations publicise their CSR activity to show their contributions to a more ethical and environmentally stable society.
moral principles that influence a person's behaviour or the conducting of an activity.
Codes of business behaviour