Elaborate the four functions of business at enterprise level. - Vidyadip

Question

Elaborate the four functions of business at enterprise level.

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Answer

The four functions of business at enterprise level are:

Financing: It is concerned with mobilising and utilising funds for running a business enterprise.
Production: It involves the conversion of raw materials into finished products or generation of services.
Marketing: It includes all those activities which facilitate exchange of goods and services from producers to the people who need them, at a place they want, at a time they require and at a price they are ready to pay.
Human Resource Management: It aims at ensuring the availability of working people who have necessary skills to perform various tasks in enterprises.

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