This report provides a detailed overview of the key functional areas within a business organization, with a specific focus on IOM Electronics Ltd. It begins with an introduction to the concept of a business and its functional areas, defining them and explaining their importance for effective management. The report then explores the key functional areas, including marketing, finance, production, human resources, research and development, customer service, and distribution, describing the roles and responsibilities of each. It also highlights the skills needed by employees to work effectively in these different functional areas. The report emphasizes the significance of each functional area in ensuring smooth business operations and achieving organizational goals. It also includes references to various sources, supporting the information and analysis presented.