Business Management Lecture 6
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Questions and Answers

What is the primary purpose of a Business Organizational Chart?

  • To display the structure and relationships of an organization (correct)
  • To illustrate the company's financial performance
  • To showcase the company's products
  • To highlight the company's market research strategies
  • Which business function is responsible for monitoring income and revenue?

  • Human Resources
  • Production/Operations
  • Finance and Accounts (correct)
  • Sales and Marketing
  • What is the primary focus of the Research and Development function?

  • Human resource management
  • Market research and analysis
  • Product development and improvement (correct)
  • Financial forecasting and planning
  • What is the role of the Sales and Marketing function in product development?

    <p>Providing advice on product development and improvement</p> Signup and view all the answers

    Which business function is responsible for handling consumer enquiries and complaints?

    <p>Customer Service</p> Signup and view all the answers

    What is the primary goal of the Human Resources function?

    <p>To manage recruitment and retention</p> Signup and view all the answers

    What is the role of the Production/Operations function in planning output?

    <p>Acquiring resources and monitoring costs</p> Signup and view all the answers

    Which business function is responsible for raising finance and managing cash flow?

    <p>Finance and Accounts</p> Signup and view all the answers

    What is the primary focus of the Sales and Marketing function?

    <p>Market research and analysis</p> Signup and view all the answers

    Which business function is responsible for managing the company's IT systems?

    <p>Administration and IT</p> Signup and view all the answers

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