ENTREPRENEURSHIP

Detailed explanation-1: -Generally, the six functional areas of business management involve strategy, marketing, finance, human resources, technology and equipment, and operations.

Detailed explanation-2: -Every business is managed through three major functions: finance, marketing, and operations management. Figure 1-1 illustrates this by showing that the vice presidents of each of these functions report directly to the president or CEO of the company.

Detailed explanation-3: -A functional area is a department or group of personnel tasked with a specific organizational function. Typically, functional departments comprise teams of employees with similar skills and expertise. These departments allow organizations to integrate activities and tasks with similar logic and protocols.