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Polc: planning, organising, leading, controlling - coordinating different functions, communicate with employees + customers; disciplinary action, decision making, motivating.
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Which is a function of the owner of a business?
The owner is responsible for finding a few people to assist in the running of the business. To which extent will the Financial Function be applied in a small business? The owner raises all the funds required to run the business. The amount of capital raised is therefore often limited.
Which is a function of a large business?
The business calls on specialists, such as advertising agencies, to assist with the design and launching of promotion campaigns. To which extent will the Public Relations Function be applied in a large business?
What are the functions of business in society?
The social control allows maintaining the stability of these structures, prevents chaos and spontaneous redistribution of resources, which saves society from social upheaval and ensures its development. Business permeates all spheres of human life and thus affects the cultural life and activities of people.
Last Update: Oct 2021
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