Functional areas of a business

What is a business function?

A specialized unit or department within an organization that carries out a specific set of activities and responsibilities.

What is the primary responsibility of the production department?

To manufacture goods and products that meet customer orders and quality standards.

Who oversees the organization of the production lines in a company?

The production manager.

What is market research in the context of the marketing department?

Conducting in-depth analysis of target markets, customer behavior, and competitor activities.

What role does the finance department play in a company?

Provides financial information and oversight, including securing financing and managing debts.

What are key responsibilities of the HR department?

Managing recruitment, employee training, compensation, employee relations, and liaising with trade unions.

What is the main goal of the R&D department?

To conduct research into new products and services and refine them into competitive offerings.

Name one example of a task performed by the marketing department.

Developing new products and services.

Why is financial record-keeping important in the finance department?

It tracks the company's financial performance, including sales, costs, and profitability.

What does the R&D function require in terms of expertise?

Specialized technical knowledge and skills relevant to the company's industry.

Fill in the blank: The __________ department is responsible for conducting in-depth analysis of target markets, customer behavior, and competitor activities.

marketing

What is the primary responsibility of the HR department?

Managing recruitment, employee training, compensation, employee relations, and liaising with trade unions.

Fill in the blank: The __________ department is responsible for manufacturing goods and products that meet customer orders and quality standards.

production