Importance of Business Functions and Academic Skills for Students

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Graduate Challenge
CW1 Business Report-
NEW BUCKS ID NUMBER :
Word Count 550

Table of Contents Page Numbers
1.1Executive Summary 3
1.2 Introduction 3
1.3Marketing 3
1.4Finance 3
1.5Human Resources 4
1.6Operations/ Productions 4
1.7How Business Functions Link 4
1.8Conclusion 5
1.9References 6
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1.1Executive Summary
Business function is an activity that performed to enhance the function of the business by the
department of organization. This report includes the importance of different business
functions and academic skills of students.
1.2 Introduction
Business function determined the level of the organization that shows the working behaviour
of the company and their capabilities. Business function also ensure the company runs
properly and does well for their customers. Function of business are method to view the
process and procedure of the business. This report show the link between business function.
1.3 Marketing
marketing include all those activities that company needs to run their company for increase
their productivity of goods and services. Like, promoting the goods and services of the
company. Most of the business uses inside out approach for their business to doing marketing
(Lai, 2021). business function main aim to strategies the all operation business and operate
them to see the business mission and vision. Strategy in the business analyze the competition
in the business and how they will access the opportunity.
1.4 Finance
finance function of the business need planning for managing the business funds for long-term
or short term. Business finance department is answerable for the funding and loans that
business taken or going to take (Cannella-Malone, Dueker, Barczak, and Brock, 2021).
accounting provide the business to gain information about the resources and work done by
the company. Ultimate goal of this method is to analyse the transaction of the business in
internal and external. There are two types of accounting; financial accounting and managerial
accounting. In financial primary work is preparation of financial statement. In managerial
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