4 functions

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Last updated: September 12, 2022

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First submitted	September 12, 2022
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Hint	Answer
Operations 1 Goods and services	Goods and services
Operations 2 Production process	Inputs, transformation, outputs
Operations 3 Quality management	quality control, quality assurance, quality improvement
Marketing 1	Identification of target market
Marketing 2 (4 p's)	Product: Positioning, packaging, branding. Price: Cost plus margin, market price, competitors' price.

Hint	Answer
Financial 1 Cash flow	money going in and out of the business
Financial 2 Income statement	Measures financial peformance
Financial 3 Balance sheet	Compares what the business owns vs owes
Human resources 1: Relationship between employer and employee	Acquisition, development, maintenance, separation
Human resources 2: Contracts	Modern award, enterprise agreement, common law contract