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Human resources, marketing information systems, sales forecasts, and audits are the key components of business operations.
What are business operations?
A wide range of activities are referred to as business operations. In essence, it refers to what a business does on a daily basis to remain operational and generate revenue. Therefore, those operations can vary greatly from one organization to the next.
As a company expands, business activities change. Management should make plans to adapt to these changes to keep the system running smoothly. For instance, if a small firm expands, it must be prepared to manage new challenges like capacity, legal, and marketing issues. Errors and omissions will occur if the company does not adapt to the changes in business operations.
Consider an internet retailer. Their typical business operations could consist of:
- Marketing and order processing.
- Web development and design.
- Sales
- Inventory control.
- fulfillment and storage.
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