5 Key Business Functions to Achieve Success in Small Business

Technology has contributed to the success of many businesses in the past year. Technology can be defined as knowledge or tools used to produce goods and services. A series of important technologies, information technology, engaged in using the information to produce goods and services. Including the use of computers to facilitate information between departments within a company and the use of the Internet to transfer information about the production process of a company.

Different companies from different industries use the Internet to provide customers with information about events to be held. A type of technology related to or known as an electronic business (e-business) or electronic commerce (e-commerce), is the use of electronic communications to generate or sell goods and services. E-business includes business transactions, such as selling products via the Internet, or business interactions between companies and their suppliers via the Internet. An example of a successful e-business idea is Amazon.com, which allows customers to buy books and other products over the internet.

Key Business Functions
The five main functions involved in operating a business are

• Management, management decisions determine how the company's resources are allocated.
• Marketing, marketing decisions determine products sold, price, distribution and information.
• Finance, determining how to earn and invest capital.
• Accounting, monitoring performance and detection use of resources to fit with the company's plans.
• Information systems, providing information to employees that enable them to improve business decisions.

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