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Six Functions of Business
Six Functions of Business
Marketing
Marketing
Marketing is the satisfaction of needs and wants of consumers through exchange, and the four "P's", product, price, place, & promotion.
Sales
Sales
Sales are the business's sale of their product, their revenue. This can also mean the process of exchanging goods or services for currency.
Management
Management
Management is responsible for ensuring that the business meets its goals and obligations. This can be done through working with people of the community, vending, or organization.
Business Reports
How are the sales?
Q3
Q2
Q4
Q1
Accounting
Accounting
Accounting is the recording and reporting of a business's financial activity and transactions, which includes recording activities that deal with money in an accounting system. This helps managers make better financial decisions.
Finance
Finance
Finances are the source(s) of money for a business.
Production & Operations
Production & Operations
Operations, also called "back office", involves behind the scene paperwork that is required to make a transaction, whilst production describes the production of goods and services with the help of certain processes.