Introduction to Business Studies

INTRODUCTION TO
BUSINESS STUDIES
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EXECUTIVE SUMMARY
The main aim of this report is to understand the concept of business studies in respect with a company that
is Body shop. The report comprises a discussion upon various business functions that every organisation makes in
order to achieve its task with specialisation within each step involved in it. Finance, human resource, marketing
are some of the most important functions of any business without presence of whose no company can attain
success. On the other hand having collaborative working practices within an organisation is very important that
brings team work and great level of productivity.
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Table of Contents
EXECUTIVE SUMMARY......................................................................................................................................................2
INTRODUCTION................................................................................................................................................................... 4
TASK 1: Describing the role of HR, marketing and finance functions within organisation:....................................................4
Role of Human Resource:....................................................................................................................................................4
Role of marketing function:.................................................................................................................................................5
Role of finance function.......................................................................................................................................................5
TASK 2: Development of an understanding of collaborative working practices:.....................................................................6
TASK 3: Demonstrating knowledge of the role of financial management and reporting within the organisation:...................6
Profit and Loss Account.......................................................................................................................................................7
Balance Sheet....................................................................................................................................................................... 7
Cash Flow Statement............................................................................................................................................................7
CONCLUSION........................................................................................................................................................................ 8
REFERENCES........................................................................................................................................................................ 9
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