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1.01 Purpose and Functions of Business

AB
AccountingRecording and reporting financial activity and transactions
ManagementMake sure the entire organization meets its goals
ManagementUses available resources to accomplish the organizations goals
MarketingBased on 4Ps: Place, Price, Product and Promotion
Information TechnologyUses technology to share knowledge, facts and data to others
OperationsConsidered the back office; Involves behind the scenes paperwork required to complete all transactions
Information TechnologyMaintains emails, software applications, processing systems
Information TechnologyMaintains hardware for all technology
Human ResourcesManages people relations within the company
Human ResourcesHelps workers develop the skills and knowledge needed to be successful on the job
Human ResourcesResponsible for hiring and firing of employees
Human ResourcesSelects employee benefits and enroll all employees in the benefits for insurance and retirement
Human ResourcesHelps employees pursue educational opportunities
AccountingPays Bills
AccountingCollects money from customers
AccountingPrepares employee payroll check
AccountingReconciles Bank Staements
AccountingPurchases Inventory
ManagementEffectively works with people in the organization
MarketingPlaces products in attractive and convenient sales locations


Business Teacher
Currituck Middle School
Barco, NC

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