GROWTH DEVELOPMENT CHILD
DEVELOPMENT AND LEARNING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What sections should a business plan include?
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business plan
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What is a functional area of a business?
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HR department
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Detailed explanation-1: -What Are Functional Areas? Functional areas are teams of employees who have similar skills and expertise. For example, a company’s sales department is a common functional area, and the staff in this area would all be focused on selling the company’s products.
Detailed explanation-2: -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-3: -A human resources department is responsible for creating administrative procedures to support organizational employees. In fact, there are many key areas that human resources is developing, such as payroll, health insurance, employee discipline and staff recruitment.
Detailed explanation-4: -Every business is managed through three major functions: finance, marketing, and operations management.