BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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finance
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operations
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marketing/sales
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management
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Detailed explanation-1: -Operations. Operations is where inputs, or factors of production, are converted to outputs, which are goods and services. Operations is the heart of a business-providing goods and services in a quantity and of a quality that meets the needs of the customers.
Detailed explanation-2: -Operations management (OM) is the business function responsible for managing the process of creation of goods and services. It involves planning, organizing, coordinating, and controlling all the resources needed to produce a company’s goods and services.
Detailed explanation-3: -Sales/Marketing Roles This functional area is largely responsible for all work related to customer acquisition and retention, including managing the company’s reputation, generating interest in products and services, and providing customer support.
Detailed explanation-4: -Generally, the six functional areas of business management involve strategy, marketing, finance, human resources, technology and equipment, and operations. Therefore, all business planners should concentrate on researching and thoroughly understanding these areas as they relate to the individual business.
Detailed explanation-5: -1. Management responsibility 2. Resource Management 3. Product and/or Service realization 4.