1.8 - Functional Areas of a Business
⭐ +315 XP- ✓describe the functional areas of a business
- ✓explain the concept of a business function
- ✓explain the function and importance of Production
- ✓explain the function and importance of Marketing
- ✓explain the function and importance of Finance
- ✓explain the function and importance of Human Resources
- ✓explain the function and importance of Research and Development (R&D)
- ✓explain the concept of a prototype and why businesses use it.
⏱ 0 mins🎯 63 marks
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Imagine a small Caribbean business: ‘Island Sip’, a company making sorrel and ginger drink. To succeed, they need different teams performing specific jobs, which represent the functional areas of a business.
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