It mentions the three main functional areas in international operations and briefly explains what each of them consists of. How are these functions different in the domestic context
The three primary functional areas in international operations are finance, marketing and operations
Finance : Finance involves planning for, obtaining, and managing a company’s funds. Finance managers address such questions as the following: How much money does the company need? How and where will it get the necessary money? .
Good financial management is particularly important when a company is first formed, because new business owners usually need to borrow money to get started.
Marketing : Marketing consists of everything that a company does to identify customers’ needs and design products to meet those needs. Marketers develop the benefits and features of products, including price and quality.
Operation : The role and duties of an operations department often vary depending on the size and industry of the company. The operation management generally develops internal policies and procedures and manages the operations staff. Operations managers help to analyze the company´s finances and spending and manage resources.
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