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Functional Areas of Business: What Do The Different Parts of A Business Do?

Functional Areas of Business What do the different parts of a business do? Copyright 2005 - Biz / ed Market Research What do customers want? How much will they pay? Can we provide the good / service at a profit?

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Tijo Thomas
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41 views19 pages

Functional Areas of Business: What Do The Different Parts of A Business Do?

Functional Areas of Business What do the different parts of a business do? Copyright 2005 - Biz / ed Market Research What do customers want? How much will they pay? Can we provide the good / service at a profit?

Uploaded by

Tijo Thomas
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPT, PDF, TXT or read online on Scribd
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http://www.bized.ac.

uk

Functional Areas of Business


What do the different parts of
a business do?

Copyright 2005 Biz/ed

http://www.bized.ac.uk

Functional Areas of Business

Copyright 2005 Biz/ed

http://www.bized.ac.uk

Human Resources

Copyright 2005 Biz/ed

http://www.bized.ac.uk

Worker Representatives
Staff Associations
Trade Unions

Copyright 2005 Biz/ed

http://www.bized.ac.uk

Customer Services

Copyright 2005 Biz/ed

http://www.bized.ac.uk

Marketing/Sales

Copyright 2005 Biz/ed

http://www.bized.ac.uk

Market Research

What do customers want?


How much will they pay?
Can we provide the good/service at a profit?
Where will we find this information?

Copyright 2005 Biz/ed

http://www.bized.ac.uk

Market Analysis

Who do we sell to?


How much do we sell to different groups?
Are there new markets?
Who are our competitors?

Copyright 2005 Biz/ed

http://www.bized.ac.uk

Market Strategy

What price?
The product?
How do we make sure people know about us?
Where should we sell our products?

Copyright 2005 Biz/ed

http://www.bized.ac.uk

Sales Team

Local
Regional
National
International

Copyright 2005 Biz/ed

http://www.bized.ac.uk

Research and Development

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Administration/IT Support

Copyright 2005 Biz/ed

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Clerical work
Reports on Meetings
Reception
Communications - e.g. receiving telephone
calls, greeting visitors
Filing and Recording
Sorting Mail

Copyright 2005 Biz/ed

http://www.bized.ac.uk

Technical Support
Hardware - e.g. computers
Software support - e.g. accounts software
Network Management

Copyright 2005 Biz/ed

http://www.bized.ac.uk

Production/Operations

Copyright 2005 Biz/ed

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Finance and Accounts

Copyright 2005 Biz/ed

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Cash Inflows
Revenue from sales

Copyright 2005 Biz/ed

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Cash Outflows
Paying for materials and equipment
Wages

Copyright 2005 Biz/ed

http://www.bized.ac.uk

Capital
Loans
Shares

Copyright 2005 Biz/ed

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