Question: To create goods and services, all organizations perform three functions . These functions are the necessary ingredients not only for production but also for an
To create goods and services, all organizations perform three functions . These functions are the necessary ingredients not only for production but also for an organization's survival. They are:
1. Marketing, which generates the demand, or at least takes the order for a product or service (nothing happens until there is a sale).
2. Production/operations, which creates, produces, and delivers the product.
3. Finance/accounting, which tracks how well the organization is doing, pays the bills, and
collects the money.
All businesses all perform these functions.
Need a chart outlining the same functions for an organization you are familiar with .
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