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Functional Business Areas Within a business there are many functional areas and factors that govern production. The factors of production are Labour, capital, energy and materials. These factors work together to produce a functional business that is capable of achieving its aims. When a business combines all of these factors it in turn creates a range of functions that have to be carried out. All businesses have the following functions * Finance * Production * Human Resources * Marketing * Administration Finance is a small but very important section of any business. All firms have to produce a set of accounts at the end of each year, and these are the main window to the companies' performance. If the finance department does their job well then it is easier for the company to analyse their performance and work on how to improve it. The Finance area attempts to keep a detailed account...

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