Identify the three major functional areas of business organizations and briefly describe how they interrelate? Show
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Handfield, Larry C. Giunipero, James L. Patterson Publisher:Cengage Learning What is the three major functional areas of organization and describe how they interrelate?Answer and Explanation: The three major functional operations of an organization include marketing, finance, and operations. These three core areas are commonly found in all types of business-oriented organizations and represent the cornerstones necessary to achieve successful outcomes.
How are the functional areas of business interrelated?Each functional area must work together for the organization to achieve its goals. A functional area is responsible for performing specific tasks needed by the organization. The output of a task performed by one function becomes the input for another function.
What are the major organizational functions functional areas of an organization?Generally, the six functional areas of business management involve strategy, marketing, finance, human resources, technology and equipment, and operations.
What are the 3 major functional areas of business organization?Every business is managed through three major functions: finance, marketing, and operations management. Figure 1-1 illustrates this by showing that the vice presidents of each of these functions report directly to the president or CEO of the company.
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What are the major functional areas of business organizations and discuss how they interrelate?
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