The Parts of a Business
Numerous activities must take place for a company to successfully create, sell, and profit from its products or services, and each activity is handled by a specific department.
Let’s take a closer look at each of the departments most large companies have and what they do.
Finance Controls the Money
A business generates a flow of money. Money flows into, out of, and through each department in the company. The finance department (or, more simply, finance) makes sure that the company has the money it needs to operate. This includes the money to buy or lease property (such as office space) and equipment, purchase raw materials, and pay employees. Finance also ensures that the company continually has good investment ...