Chapter 10, Problem 1CC

Program Plan Intro

The five basic functions within an organization.

Program Description Answer

The five basic functions within an organization are:

1. Accounting
2. Marketing
3. Human Resources
4. Production
5. Research

Explanation of Solution

Accounting is the organizational function that deals with all the financial related matters. It also keeps records of all gain and losses in the organization.

Marketing deals with plans for promotion, prices, and distribution of an organization's goods and services.

Human Resources deals with all the functionality related to the human capital of the organization.

Production is the process of converting the input into final output or product or services. It is the sole reason organization is running and organization needs to keep advancing and updating their product and services to be in business.

Research is a facility to regularly update product or services organization is offering. An organization should constantly research for new and better product to keep a business running.