Understanding Business Functions (Grade 10 NSC Matric Business Studies): Flashcards
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Business functions
Business functions
Essential activities every business needs to be successful
Core business functions
Core business functions
Activities that directly generate income for the business
Number of key business functions
Number of key business functions
Eight
Two core business functions
Two core business functions
Production and Marketing
Production function role
Production function role
Creating or manufacturing products the business will sell
Marketing function role
Marketing function role
Promoting and selling products/services to customers
General management role
General management role
Overseeing all parts, ensuring departments work together
Administration function role
Administration function role
Collecting, organising, storing info (business's memory bank)
Human resources function role
Human resources function role
Everything related to employees: hiring, training, salaries
Four management activities
Four management activities
Planning, Directing, Controlling, Organising