Question

The three major business functions necessary to all organizations are

Answer 1

Answer:

The three major business functions necessary to all organization are , FINANCE, MARKETING, OPERATIONS

Answer 2

Every Business Function is managed by the way of three major functions i.e., finance, marketing and operations management.

• Business Function refers to the activities carried out by an enterprise.
• Apart from the three major business functions the other business functions such as accounting, purchasing, human resources, and engineering support these 3 major functions.
• Finance is responsible in looking after the cash flows.
• Marketing is responsible in looking after the sales and customer demands and preferences.
• Operations management looks after managing the business and looking after all the core central functions of all business enterprises

These are the 3 major business functions necessary to an organization.

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