Each functional department can be thought of as a link in the company’s internal value chain in that each functional department carries out value-creating activities to design, produce, market, deliver and support the company’s products/services. The company’s success depends on not only how well each functional department performs its work but also on how well the various functional departments coordinate their activities. Therefore, it is essential that functional departments work together in order to achieve a company’s objectives.
Using appropriate theoretical underpinning, examine how different functions work together to achieve the objective of profit maximization and how their respective activities and processes may be influenced by each other.
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