Understanding Business Functions and Responsibilities

The video tutorial explains the eight key business functions necessary for successful operation: General Management, Administration, Human Resources, Marketing, Financing, Public Relations, Purchasing, and Production. Each function is detailed with its roles and responsibilities, highlighting how they contribute to the overall efficiency and profitability of a business. The tutorial contrasts the structure of large companies with dedicated departments to small businesses where the owner may handle multiple roles.

What is the primary role of business functions in a company?

• To focus solely on marketing

• To reduce the number of departments

• To ensure the company operates successfully

• To increase employee salaries

Which department is responsible for making key decisions to ensure business efficiency?

• Marketing

• Human Resources

• General Management

• Public Relations

What tasks are included in the Administration function?

• Managing social media accounts

• Hiring employees

• Conducting market research

• Scheduling meetings and handling inquiries

What is a key responsibility of the Human Resources department?

• Setting product prices

• Managing employee payroll

• Creating advertising campaigns

• Negotiating supplier contracts

Which activity is part of the Marketing function?

• Monitoring company finances

• Designing new office layouts

• Conducting surveys to identify customer needs

• Resolving employee conflicts

What is the main focus of the Financing function?

• Managing the company's money

• Creating new products

• Organizing company events

• Handling customer complaints

How does Public Relations maintain a company's reputation?

• By increasing product prices

• By designing new marketing strategies

• By hiring new employees

• By managing social media and responding to crises

What is the primary responsibility of the Purchasing function?

• Creating advertising campaigns

• Acquiring materials and supplies

• Managing employee benefits

• Conducting market research

In a toy factory, what does the Production function involve?

• Managing financial accounts

• Designing, assembling, and packaging toys

• Hiring new staff

• Conducting customer surveys

Which function is responsible for turning inputs into outputs?

• Marketing

• Human Resources

• Production

• Public Relations