business essay
unit 1 avce business coursework e3 Specialisation can be best used by dividing the organisation into functional areas, such as production, marketing and finance. ... Functional areas that may exist in a business are: • Finance • Human Resources • Marketing • Administration • Production Functional areas are used to illustrate the growth of a business. ... Their approaches are: • Health and safety (including fire safety) are line management responsibilities that are deliver through the line management structure of the business. ... As wellbeing organisation, caring about health and safety of their staff and customers, and everyone else who comes into contact with the business, is an essential element in the way they run Boots Plc. ... The accounts section must keep a detailed record of all money paid in and out of the business. ... • Measure the financial performance of the business. • Control the finances and cash flow so the business strays solvent i.