what are the basic functions of business?
The functions of a business may be primarily divided into two types called production and marketing. These two functions are mutually dependent. Besides the two primary functions, there are a number of assisting functions like accounting, advertisement, financing, staffing, directing and research and development. All these functions of the business can be broadly classified under the following main headings: production Function: Production function involves creation of goods and services with the help of money, men and materials. For the purpose of production several processes and techniques are employed.