How many business functions are there?
Business functions are ways to organize a business to improve efficiency and productivity. Common business functions include finance, human resources, marketing, and operations. Understanding business functions is important for success in business and other areas. If you are a sole proprietor you will be responsible for ALL the functions.
Business Functions
General Management Function
Public Relations Function
Which function is responsible for recruiting staff members?
Which function would be responsible for invoicing customers?
Which business functions are most important to you and why?
Which function is most important in a business?
- Finance
- Human Resources
- Production
Brain break: Draw a flower
What business function is responsible for creating and implementing strategies to increase sales?
- Finance
- Sales and Marketing
- Human Resources
Which business function is responsible for managing a company's financial resources?
- Finance
- Research and Development
- Operations Management
What business function involves managing the flow of goods or services from production to consumption?
- Supply Chain Management
- Customer Service
- Information Technology
What business function deals with recruiting, training, and retaining employees?
- Public Relations
- Human Resources
- Marketing
Which of the following business functions involves designing products or services that meet customer needs?
- Accounting
- Legal
- Research and Development
Work together in pairs: What are some examples of business functions?
Question: You own a small business. What are the essential business functions you must do to keep your business running? Clues: • Business functions refer to the activities that must be carried out to keep a business running and successful. • You must manage the following functions: marketing, finance, operations, and human resources. • Think about how each function contributes to the success of the business. In pairs: Select and solve one of the tasks: A. Work in pairs to create a visual representation of the four business functions. B. Explain how each function contributes to the success of the business through a drawing.