BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Exemplifies the complexity of relationships among the functional areas of business. Approach to competitive advantage that contends that internal resources are more important for a firm than external resources in achieving and sustaining competitive advantage.

Detailed explanation-2: -Financial ratio analysis exemplifies the complexity of relationships among the functional areas of business.

Detailed explanation-3: -Billions of bits of information are now “in the cloud.” Information ties all business functions together and provides the basis for all managerial decisions. It is the cornerstone of all organizations. Information represents a major source of competitive management advantage or disadvantage.

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.