FUNCTIONAL AREAS
This department advertises products and attracts customers
Marketing
These people buy goods and services from a business
Customers
They carry out daily task and recieve wages or salaries
Employess
The process of informing people about products to encourage sales
Advertising
A baker buys flour from another company
Supplier
This department records income and expenses
finance/accounting
These people invest money in and own a business
Owners
They provide opinions about products and help business improve
Customers
A plan estimating a business income and expenses
Budget
A shop creats posters and social media advertisements to sell more clothes
Marketing
This departments recruits income and expenses
Human Resources (HR)
These people provide raw materials and supplies
Suppliers
They make important decisions about how the business is run
Owners/Managers
The money a business pays to the government as required laws
Taxes
A company records money it receives from sales and the money it spends
Finance/Accounting
This department checks that products meet quality standards
Productions/Operations
This stakeholders enforces business law and collect taxes
Government
They compete witha business by selling similar products
Competitors
The standard of how good or suitable a product is
Quality
A factory hires new workers and trains them to use equipments
Human Resource
This department oders materials and finds suitable suppliers
Purchasing
These institutions may lend money to a business to help it expand
Financial Institution
They may benefit when a business creates jobs and support local activities
Community Members
The process of finding and hiring suitable people for jobs
Recruitment
A business wants to increase production but needs more raw materials
Purchasing and the suppliers