1.1. Business Functions Quiz | 24-25

Setting prices for the firm's products -

• HR

• Marketing

• Operations

• Finance

Deciding where a product should be sold -

• HR

• Marketing

• Operations

• Finance

Stock (inventory) control and management -

• HR

• Marketing

• Operations

• Finance

Establishing quality management processes -

• HR

• Marketing

• Operations

• Finance

Researching the needs, wants, and preferences of customers -

• HR

• Marketing

• Operations

• Finance

Allocating resources to purchase capital equipment -

• HR

• Marketing

• Operations

• Finance

Hiring a new production manager -

• HR

• Marketing

• Operations

• Finance

Financial and non-financial methods of motivation of staff -

• HR

• Marketing

• Operations

• Finance