Name the main functional areas of operation used in business
Asked by admin @ in Business viewed by 379 People
Identify the three major functional areas of an organization’s operations and describe how they interrelate.
Answered by admin @
The three major functional areas will be "Operations", "Finance", and "Marketing". A further explanation is given below.
- Operations - To ensure that the organization works as quickly and efficiently as appropriate or convincible by controlling the internal dynamics of that your own company, is termed as Operations.
- Finance - A word used to describe actions related to banking, leveraging and otherwise debt, creditworthiness, stock exchanges, as well as commodities.
- Marketing - Create, communicate, possibly deliver, and exchange value-added products and services for consumers through a framework of forms and procedures.
All three plays a very critical role in business. Operations turn commodities and materials into goods, Marketing identifies but also meets consumer requirements, and Finance plans to obtain and manages corporate finances.
Learn more about the business organization here:
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