Functional Areas of Business

Activities needed to successfully operate a business

• operating areas

• functional areas

• management areas

• fundamental areas

Which is NOT a functional area of business?

• Management

• Accounting/Finance

• Marketing

• Executive Summary

• Operations

Responsible for work performance of other people

• Manager

• Accountant

• CEO

• Designer

Which does management NOT involve?

• Planning

• Finances

• Organizing

• Staffing

• Directing/Controlling

Which functional area is responsible for converting resources into goods or services

• Marketing

• Accounting/Finance

• Operations

• Management

Which resource is a tangible good?

• Caribou Coffee

• Haircut

• Ice Skating

• Doctor's Appointment

Which is an intangible good?

• McChicken

• Book

• Legos

• Dog Walking

The person who designs and oversees the transformation of resources into goods or services

• Consultant

• Operations Manager

• Finance Manager

• Accountant

Identify customer needs and design products to meet those needs

• marketing

• operations

• accounting

• management

Marketers develop which of the following?

• benefits and features or products

• price and quality

• best method for delivering and promoting products

• All answers are correct