Which term denotes the different functional sections of a business such as marketing, production, finance, and human resources?

Which term denotes the different functional sections of a business such as marketing, production, finance, and human resources?

• A. Divisions by function
• B. Functional Areas
• C. Supply chain
• D. Stakeholders

Answer: (B)

Think of a business organized into functional areas: marketing, production, finance, and human resources. Each area specializes in its own activities and skills, yet all work together to meet the company’s goals. This structure—dividing the organization into these functional areas—best describes the internal sections of a business. The other concepts refer to different ideas: the supply chain is about how products move from suppliers to customers, and stakeholders are the people or groups with an interest in the business.

Think of a business organized into functional areas: marketing, production, finance, and human resources. Each area specializes in its own activities and skills, yet all work together to meet the company’s goals. This structure—dividing the organization into these functional areas—best describes the internal sections of a business. The other concepts refer to different ideas: the supply chain is about how products move from suppliers to customers, and stakeholders are the people or groups with an interest in the business.