What is a business functional area?

Key term. Functional area is a person, area or department which carries out a particular business function, for example, finance, sales or customer service.

What are the 4 functional areas of a business?

The main functional areas are:

• marketing.
• human resources.
• operations.
• finance.

What are the 6 major functional areas of a business?

Generally, the six functional areas of business management involve strategy, marketing, finance, human resources, technology and equipment, and operations. Therefore, all business planners should concentrate on researching and thoroughly understanding these areas as they relate to the individual business.

What are the three basic functional areas of business?

The three major business functions are finance, marketing and operations.

What are the functional areas of brain?

Key Points

• The cortex can be divided into three functionally distinct areas: sensory, motor, and associative.
• The main sensory areas of the brain include the primary auditory cortex, primary somatosensory cortex, and primary visual cortex.

What are Nike’s functional areas?

Nike’s functional areas include brand and category experts to footwear designers and retail workers, also specialists in tax and trade,customs logistics and distribution manager. There are more functional areas but for a clothes manufacturing business such as Nike, these roles are the most important for Nike.

What are the five areas of management?

At the most fundamental level, management is a discipline that consists of a set of five general functions: planning, organizing, staffing, leading and controlling. These five functions are part of a body of practices and theories on how to be a successful manager.

What are the 3 basic functions of business organizations?

What do you mean by functional area in business?

A functional area is a segment of a business that’s categorized according to its functions. Businesses often divide departments…

Which is the most important function of a business?

The key functional areas of a business are the following: 1 Management 2 Operations 3 Marketing 4 Accounting 5 Finance More

Which is the fastest growing functional area of business?

In day’s technology-driven business environment, marketing is also responsible for building and overseeing a company’s Internet presence (e.g., the company Web site, blogs, social media campaigns, etc.). Today, social media marketing is one of the fastest growing sectors within the marketing function.

Who is the leader of the management functional area?

The Management functional area in most large corporations is led by the Chief Executive Officer (CEO). Depending on company size, there may be a President in position as well. The Operations functional area is managed by the Chief Operations Officer (COO).