What you’ll learn to do: identify the primary functional areas within a business and describe their contribution to the organization

The decisions about how best to use the factors of production to provide the goods or services of the business require a team of people working in a variety of jobs. As businesses grow larger and their products and services become more complex, the number of functional areas within a business grows. Each functional area makes specific and valuable contributions to the organization as a whole. In this section we will explore some of the most common functional areas in a business and how each contributes to the overall success of the business.

The specific things you’ll learn in this section include:

• Identify the primary functional areas within a business
• Identify key people and explain the activities within each functional area