Functional Areas in Business

 Functional Areas in Business Dissertation

Task 1: Research several functional areas, provide explanations of each of those functions:

2. Customer Servise

Customer service is a provision of service to consumers before, during and after a selection. Customer service is acknowledged as a sequence of activities designed to improve the level of customer satisfaction – that is, the feeling which a product or service features met the client expectation. Its importance varies by products, industry and customer; malfunctioning or cracked merchandise could be exchanged, frequently only having a receipt and within a specified time frame. Stores often have a desk or perhaps counter dedicated to dealing with returns, exchanges and complaints, or will carry out related features at the level of sale; the perceived success of such interactions being influenced by employees " who can adapt themselves towards the personality from the guest, customer support plays an essential role within an organization's ability to generate income and revenue. From that perspective, customer care should be included as part of an overall approach to systematic improvement. A client service experience can change the entire perception a buyer has from the organization. 2. ICT

Means " Info and Communication Technologies. " ICT identifies technologies offering access to info through telecommunications. It is a lot like Information Technology (IT), but makes a speciality of communication systems. This includes the Internet, wireless sites, cell phones, and also other communication mediums. In the past many years, information and communication technology have provided society with a vast array of new communication features. For example , persons can communicate in real-time with other folks in different countries using systems such as instantaneous messaging, voice over IP (VoIP), and video-conferencing. Social networking websites like Facebook enable users by all over the world to be in contact and communicate on a regular basis. Modern info and interaction technologies have created a " global village, " in which people can communicate with others across the world as though they were living next door. That is why, ICT can often be studied in the context showing how modern communication technologies influence society. 5. Distribution

Distribution means ensuring that goods are delivered to the best place on as well as in the correct condition. Commerce: The activity of goods and services from the source by using a distribution route, right up for the final buyer, consumer, or perhaps user, plus the movement of payment inside the opposite direction, right up for the original producer or supplier. Securities: Repayment of primary, interest, or dividend by issuer of a security for the security holders, on a regular (typically monthly or quarterly) basis. Statistics: A great order or pattern formed by the propensity of a sufficiently large number of findings to group themselves in regards to central benefit. The familiar bell-shaped curve is an example of normal syndication in which the largest numbers of findings are distributed in the center, with gradually fewer findings falling consistently on the possibly side with the center (average) line. Find also regularity distribution, regular distribution, and standard distribution.

* Promoting

The managing process whereby goods and services move from strategy to the customer. As a practice, it consists in coordination of 4 elements known as 4P's: (1) identification, variety, and advancement a product, (2) determination of its selling price, (3) collection of a syndication channel to reach the user's place, and (4) advancement and execution of a promotional strategy. Being a philosophy, marketing is based on taking into consideration the business when it comes to customer needs and their pleasure. Marketing differs from providing because (in the words of Harvard Organization School's senior professor of promoting Theodore C. Levitt) " Selling issues itself while using tricks and techniques of...