What are the eight business function?

The eight business function is:

Further Explanation:

The eight business function is:

1.General management:

General management is the management of the organization, in which regulation of the policies and objectives are made to achieve the goals of the organization effectively and efficiently.

2.Public Relations:

Public relations is managing the information or spreading the data accordingly to any individual, company, or the public. It includes information regarding public interest, which does not require any payment.

3.Purchasing:

Purchasing is buying or acquiring any goods or services by an individual or business. Purchasing is to achieve the objectives of the organization through the purchasing process.

4.Human Resources:

Human resource is the resource which makes the workforce for the organization. As it includes recruiting, staffing, selecting, and many more related to adding human resources to the companies.

5.Production:

Production refers to a process of making from the available raw materials and the input for the consumption purpose for people.

6.Administration:

The administration is the process of running a business or an organization. It is a place where there is a management of public affairs.

7.Marketing:

Marketing refers to the buying and selling of the products or services to an individual or company. It is a significant component of the business.It helps in the promotion of products or services.

8.Financial:

Financial function refers to the management of funds of the company properly and utilizing the funds accurately.  

Thus, business functions are performed to achieve the objectives of the organization.  

Learn More:

1.The success of the collaboration  

2.Franchising  

3.Starting business  

Answer Details:

Grade: High School

Chapter: Functions of business

Subject: Business Studies

Keywords:

What are the eight business function, general management, public relations, purchasing, human resources, production, administration, marketing, financial.

answer; normative economics;

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