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