Applied Business - Unit 1 - B1 - Functional Areas - Rovers and Promethean

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B1        Describe the type of work carried out by at least three functional areas of one of their chosen businesses.

Introduction

I am going to describe Blackburn Rovers’ functional areas within the business. This will include the Finance and Marketing & Sales.

Finance

This department is responsible for checking the money coming in and going out of the business.

Marketing Sales

This department attracts advertisers for hoardings and looks for sponsorship deals.

Blackburn Rovers Football Club Plc

The departments I have described apply to Blackburn Rovers as well as nearly all other businesses. I will be describing Rovers’ three departments, in detail, which are Finance, Marketing and Research & Development.

Finance

Finance is the department which keeps track of all money spent and earned by the organization and how much money is being made or lost per item/service. This department is considered to be the most important because financial information enables immediate decisions to be taken, which can mean the difference between success and failure for the organization.

Martin Goodman is the Head of Finance. It is his job to buy and sell players, and record the transactions taking place when he buy and sells players.

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He negotiates overdrafts with Rovers’ bank account to save money.

He also prepares accounts, which is keeping the financial records required by the organization. This involves recording all the money received from ticket and merchandise sales, and banking them. He also checks invoices to see they are right, and checking all accounts and transferring money to interest bearing accounts.

He calculates the wages for the employees of the business. This is paid monthly to all the workers, and the amount paid is transferred to the workers bank account. The wage slip hardly ever changes, unless the employee ...

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