Functional Areas of a Business
Which department is responsible for managing company finances?
Finance
Which sector includes services like healthcare and education?
Tertiary
An entrepreneur is primary someone who:
Starts and manages a business
A bakery producing cakes and selling them in a shop is part of which sector?
Tertiary
The Human Resources department primarily focuses on:
Employee recruitment and welfare
The secondary sector primarily involves
Manufacturing and construction
The process of creating, managing, and running a new business is called:
Entrepreneurship
An entrepreneur who enjoys independence and setting their own schedule is likely motivated by:
Autonomy
Managing the production process is the primary role of which department?
Operations department
A forestry business that plants and harvests trees us part of which sector?
Primary
The primary goal of most entrepreneurs is to:
Achieve profit and growth
The primary goal of most entrepreneurs is to
Achieve profit and growth
Customer service is typically part of which business function?
Marketing
Which sector has seen rapid growth due to advancements in technology and information systems?
Quaternary
Which of the following is a type of business ownership where an individual is personally responsible for business debts?
Sole proprietorship
To generate awareness and sales for products/services os the main purpose of which business function?
Marketing function
Which department is in charge of budgeting and resources allocation?
Finance
Which sector is the foundation of the economy, relying on natural resources?
Primary
A document outlining business objectives and strategies.
A business plan
Name out GETCASH in order
Growth, Earnings, Transference & Inheritance, Challenge, Autonomy, Security, Hobby