Overview of Key Business Functions

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10 Terms

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Human Resources (HR)

Manages hiring, employee benefits, training, and workplace policies.

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Finance

Handles money, budgets, and financial planning to ensure the company stays profitable.

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Marketing

Promotes the business and its products to attract customers.

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Sales

Focuses on selling products or services to customers.

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Operations

Oversees the day-to-day work needed to produce goods or services efficiently.

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Customer Service

Helps customers with questions, complaints, or support after a sale.

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Research and Development (R&D)

Creates new products or improves existing ones.

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IT (Information Technology)

Maintains technology, systems, and networks to support business operations.

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Supply Chain/Logistics

Manages the flow of materials and products from suppliers to customers.

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Legal

Ensures the company complies with laws and handles contracts and disputes.