Business Learning Outcome 6

Created by: RHunwicke
Created on: 10-01-22 21:15

What is a functional area?

A functional area is a department within a business. Each department has their own specialisms but they will often work together to make the business run smoothly.

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Description of Human resources...

This area deals with the businesses employees

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What are the main responsibilities of Human resources?

-Recruiting employees
-Ensure the right number of people are working within the business
-Training employees
-Performance management
-Health and safety within the workplace
-Ensure business keeps to all laws relating to employment

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Description of marketing...

This area is responsible for finding what customers wants and needs are. The functional area is then responsible for developing products to meet these wants and needs.

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What are the main responsibilities of marketing?

-Carrying out market research
-Finding out customers opinions
-Gathering feedback from customers
-Develop a marketing mix for the product

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What is marketing mix?

It focuses on Price, Product, Place and Promotion

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Description of operations...

This functional area is responsible for the process that turns raw materials into finished goods that can be sold to customers

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What are the main responsibilities of operations?

-Planning how products will be made
-Producing the product/service
-Quality control
-Stock control
-Ordering stock
-Logistics

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Description of finance...

This area is responsible for everything to do with money in the business

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What are the main responsibilities of finance?

-Budget
-Organising resources
-Ordering
-Preparing financial statements
-Reporting on financial performance

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Other cards in this set

Card 2

Front

Description of Human resources...

Back

This area deals with the businesses employees

Card 3

Front

What are the main responsibilities of Human resources?

Back

Card 4

Front

Description of marketing...

Back

Card 5

Front

What are the main responsibilities of marketing?

Back

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Business Learning Outcome 6