Identify the three major functional areas of an organization’s operations and describe how they interrelate.

a. Finance: responsible for securing financial resources at favorable prices and allocating those resources throughout the organization, as well as budgeting, analyzing investment proposals, and providing funds for operations.

b. Marketing: responsible for assessing consumer wants and needs, and selling and promoting the organizations goods and services.

c. Operations: management of systems or processes that create goods and/or provide services

Explanation:

Cricetus Cricetus · Answer 2 · 2021-08-16T09:19:49+02:00

The three major functional areas will be "Operations", "Finance", and "Marketing". A further explanation is given below.

Operations - To ensure that the organization works as quickly and efficiently as appropriate or convincible by controlling the internal dynamics of that your own company, is termed as Operations.
Finance - A word used to describe actions related to banking, leveraging and otherwise debt, creditworthiness, stock exchanges, as well as commodities.
Marketing - Create, communicate, possibly deliver, and exchange value-added products and services for consumers through a framework of forms and procedures.

All three plays a very critical role in business. Operations turn commodities and materials into goods, Marketing identifies but also meets consumer requirements, and Finance plans to obtain and manages corporate finances.

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