Question

needs and functions of business​

Answer 1

Answer:

The organizing function is concerned with management and planning different activities. It is accumulation and coordination of required resources such as men, material, money, machine etc. To produce the goods and services, the business organization must coordinate and control all these factors of production.

Answer 2

Answer:

Needs of business:

•You need to manage your cash

•You need to develop a data based culture

•You need to engage in Lean planning

•You need to have a strategy for recruiting and retaining talent

Functions of business:

•Planning

•Organizing

•Leading

•Controlling