1.01 Types of Business Functions

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Shares knowledge, facts, and data to others such as co-workers, customers, and suppliers

Prepares advertisements for TV, Radio, Newspapers, websites

Does the hiring and firing of employees and the paperwork involved

The “back office” and involves all the behind the scenes paperwork that must be finished in order for the transactions to be completed

Is based on four “P’s”—Product, Price, Placement and Promotion

Uses a system of recording and reporting financial activity and transactions

Pays bills, taxes, collects money from customers, and purchases inventory

Manages the personnel relations within a company