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Functional areas of a business

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Introduction

BTEC First Diploma in Business Unit 1 Exploring Business Purposes Introduction: In this Assignment I want to describe the functional areas and their main purposes within business organisation, explain the interaction of functional areas and how they relate to each other in 2 selected businesses and I will also evaluate how the functional areas contributes to the aims and objectives of the two selected businesses. Task 1 The main internal functional areas of businesses: Finance - the department is responsible for taking care of the budgets for the individual retail outlets this is to ensure that they aren't over spending. They keep financial records of all of their payments which they have made to their suppliers, also the payments that the customers have made to them from their customers. This function is used also to chase up late payment of invoices this is so the company do not find their selves in debt. This area also provides their directors with accounts for example profit and loss accounts and balance accounts. This helps the company to evaluate their performance over the year and also to make comparisons with performances from previous years to make the company run more efficiently and set targets for the future. Some finance groups take care of salaries and staff wages these are sent to individual employees bank accounts. ...read more.

Middle

Distribution - Is one of the four aspects of marketing. The other three parts of the marketing mix are product management, pricing, and promotion. Distribution deals with how to get the product or service to the customer Ict - Is any communication device or application, encompassing: radio, television, cell phones, computer and network hard wear and soft wear. Ict stands for information and communications technology Production - Is the constructing of materials or a material. Distribution - Is one of the four aspects of marketing. The other three parts of the marketing mix are product management, pricing, and promotion. Distribution deals with how to get the product or service to the customer Task 2 a A charity shop main functional area is the finance area. The purpose of charity shops is to raise money for charity. A charity shop makes its money by people donating things like clothes, books, shoes, etc. and then selling them for money to make a profit and donate all the money to a charity. Mc Donald main functional area is also the finance area because the are selling foods to people so that the can make money to improve their branches. Task 2b Each department contributes to the running of the business. By communications with other departments, it ensures that people are not doing work, which overlaps. ...read more.

Conclusion

or need and then the marketing department will pass those information to the production department so that the production department can work on the product that the customer wants or need. The weakness of two departments working together could be for example, if the finance and production department work together because if the production department have produces too much products the finance department could not have enough money to cover the products that have been produced. The aim of Oxfam is to raise money to help people. For Oxfam to achieve this aim the customer service and IT department have to work together in order for Oxfam not to occur any faults. As customer service aims to help Oxfam run smoothly if customer for example are dissatisfied with how to donate money on Oxfam homepage, then the customer service department can tell the IT department about it so that the IT department can aim to improve the problem so that, less people complain about how to donate money on Oxfam homepage. The weakness of two department working together could be for example if the marketing and IT department are working together because the marketing aim is to advertise donates online but if for example the IT department have problems with their computers or software and the people have problem in donating money online could be a big problem for Oxfam. ?? ?? ?? ?? Omobolanle Salami 29/05/2009 Assignment No. 04 1 ...read more.

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