Wednesday, 28 December 2011

Revision chApter 11…..

5 cOmmOn fUnctiOns oF mOst organizatiOns…..

a) AccOunting.

- Traces all financial activity.

- Example:

Ø Accounting department tracks all sales, payments, and transfer of funds.

Ø Also produces reports detailing the financial condition of the company.

b) MarkEting

- Plans, prices, promote, sells, and distributes the organization’s goods & services.

- Example:

Ø Goods include a wide range of products related to supports and other types of physical activity.

c) Human resOurces

- Focuses on people >>> hiring, training, promoting and any number of other human-centered activities within the organization.

- Relates to people in each of the functional areas, including accountants, sales representatives, human resource specialists, production workers, and research scientist.

d) ProductiOn

- Creates finished goods & services using raw materials & personnel.

- Example:

Ø This includes manufacturing a variety of sports equipment, including surfboards.

e) ResEarch

- Identifies, investigates, and develops new products & services.

- Example:

Ø Investigating a light, inexpensive alloy for a new line of weight-training equipment.

No comments:

LinkWithin

Related Posts Plugin for WordPress, Blogger...