2nd October 2019

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13

What are the 4 main functions of business?

There are four functions of management that span across all industries. They include: planning, organizing, leading, and controlling. You should think about the four functions as a process, where each step builds on the others.

Similarly, you may ask, what are the main functions of a business?

A typical business organisation may consist of the following main departments or functions:
  • Production.
  • Research and Development (often abbreviated to R&D)
  • Purchasing.
  • Marketing (including the selling function)
  • Human Resource Management.
  • Accounting and Finance.

What are the six functions of a business?

The Six Functions of Business
  • production (function- first line) creates or obtains products or services for sale.
  • operations.
  • accounting and finance function.
  • management and administration function.
  • marketing.
  • coordination of business functions.

What are the core functions of a company?

Business functions that are critical, and closely related, to a firm's strategy expressed in customer service, marketing, product design, etc. Routine administrative and maintenance tasks are not a part of core activities. See also core competencies.
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