← How a large business responds to external factors
Answering "with reference to TWO specific business functions"
A recurring instruction that names marketing, sales, production, and HR/finance as examples — mapping an external factor onto SPECIFIC functions is itself assessed.The business functions, and what an external factor typically does to each
- MARKETING: may need to justify a price change, reposition the product, or change messaging in response to the factor.
- SALES: volume may rise or fall as customers react to a price or availability change caused by the factor.
- PRODUCTION: may need to re-source inputs, change processes, or adjust output levels in response.
- HUMAN RESOURCES: may face cost pressure on wages/hours, need retraining, or need to manage morale during the change.
- FINANCE: must re-forecast costs and revenue, and may need to secure additional funding to manage the transition.