you are planning to open a sandwich shop. you begin to think about the four functions of business—production, marketing, management, and finance. describe how each function will apply to your business. explain how the functions will work together to ensure you run a successful sandwich shop.

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Answer:

Explanation:

In order to run a successful business each of these functions need to be present and functioning efficiently since each one depends on the other in order for the entire business to succeed. Production makes sure that the business has products to sell. Marketing makes sure that potential customers are aware of the products that the business sells. Finance makes sure that the pricing for those products, costs, and expenses (marketing) all lead to profitability when calculated. And finally, Management makes sure that all of these functions interact efficiently and are poised for success.

The functions will work together to ensure you run a successful sandwich shop:

  • Production guarantees that the company has the products for sale. Marketing ensures that potential customers know what products the company is selling.
  • Treasury guarantees that calculating the pricing, costs, and costs (marketing) of these products will all lead to profitability.
  • And finally, management ensures that all  these features interact efficiently and are on the path to success.

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