Business & ManagementIB

Marketing and the business functions

Marketing and the business functions...Sales forecasts are necessary in order to prepare production schedules...
Marketing and the business functions

Operations management

  • Sales forecasts are necessary in order to prepare production schedules.
  • Research, launching and development new products to meet the changing customer needs.
  • May be conflict between the groups as production likes to test and develop, whereas marketers hope to launch quickly to maximise sales revenue.

Finance

  • Budgets.
  • Using credit facilities to entice customers (e.g., Afterpay).

Human resources

  • Marketing helps HR to identify staffing needs such as recruitment, training, or firing to fit with the markets needs.
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