CTE- Six Functions of a Business by Chelsea https://padlet.com/chelseaidabreo/glkg28oabbcd Six Functions of a Business en-us 2016-11-02 15:09:56 UTC 2016-11-15 19:20:05 UTC hello@padlet.com Six Functions of a Business chelseaidabreo https://padlet.com/chelseaidabreo/glkg28oabbcd/wish/134809628 Accounting
Management
Marketing
Information Technology
Operations
Human Resources]]> 2016-11-02 15:13:04 UTC https://padlet.com/chelseaidabreo/glkg28oabbcd/wish/134809628 Accounting chelseaidabreo https://padlet.com/chelseaidabreo/glkg28oabbcd/wish/134810761 *Financial Management of the business
Includes:
* Recording and reporting  of financial activity and transactions
* Includes recording activities that deal with money in an accounting system so managers can make better financial decisions.]]> 2016-11-02 15:15:41 UTC https://padlet.com/chelseaidabreo/glkg28oabbcd/wish/134810761 Management chelseaidabreo https://padlet.com/chelseaidabreo/glkg28oabbcd/wish/134810834 * Has the overall responsibility for coordinating the activities of the business
* Responsible for ensuring that the business meets all of its goals and obligations
* Effectively works with people within the organizations, vendors, and community leaders
* Efficiently uses available resources to accomplish the goals of the business]]> 2016-11-02 15:15:51 UTC https://padlet.com/chelseaidabreo/glkg28oabbcd/wish/134810834 Marketing chelseaidabreo https://padlet.com/chelseaidabreo/glkg28oabbcd/wish/134810887 Works to satisfy the needs and wants of consumers through exchange
* Based on the Four "P" of the Marketing Mix
-Product
-Price (establishing the price of the product)
-Place (placing the product in attractive and convenient sales locations)
-Promotion (advertising)  ]]> 2016-11-02 15:15:56 UTC https://padlet.com/chelseaidabreo/glkg28oabbcd/wish/134810887 Information Technology chelseaidabreo https://padlet.com/chelseaidabreo/glkg28oabbcd/wish/134810951 The use of technology to share data, knowledge, and facts with others (co-workers, customers, suppliers, etc.)
*Includes maintaining the the hardware for the technology used]]> 2016-11-02 15:16:03 UTC https://padlet.com/chelseaidabreo/glkg28oabbcd/wish/134810951 Operations chelseaidabreo https://padlet.com/chelseaidabreo/glkg28oabbcd/wish/134811057 *Also known as 'Back Office'
Involves behind the scenes paperwork required to complete all transactions
*Examples include:
-Shipping Goods
-Receiving Goods
-Inventory Control
-Quality Control
-Employee Safety

]]> 2016-11-02 15:16:14 UTC https://padlet.com/chelseaidabreo/glkg28oabbcd/wish/134811057 Human Resources chelseaidabreo https://padlet.com/chelseaidabreo/glkg28oabbcd/wish/134811162 *Manages "people" relationships within the business
*Helps workers develop the skills and knowledge needed to be successful on the job.
*Selects employee benefits and enrolls all employees in the benefits (insurance, retirement, etc.)
*Helps employees pursue educational opportunities
-An example of a human resource is recruiting employees]]> 2016-11-02 15:16:26 UTC https://padlet.com/chelseaidabreo/glkg28oabbcd/wish/134811162