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A large cake business is going to offer a contract to another business to make their cake decorations - HSC - SSCE Business Studies - Question 19 - 2022 - Paper 1

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A large cake business is going to offer a contract to another business to make their cake decorations. Which business functions would provide input into the contrac... show full transcript

Worked Solution & Example Answer:A large cake business is going to offer a contract to another business to make their cake decorations - HSC - SSCE Business Studies - Question 19 - 2022 - Paper 1

Step 1

Which business functions would provide input into the contract details?

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Answer

To determine which business functions would provide input into the contract details, we must consider the essential roles involved in managing a contract in a cake decoration business.

  1. Operations: This function is crucial since it directly deals with the actual processes of cake decoration. Operations will provide insight into what is required to fulfill the contract and how it can be executed efficiently. They will understand the practical aspects and any necessary resources.

  2. Human Resources: This function ensures that the right personnel are in place to manage the contract. They handle recruitment, training, and human capital management, which are all essential for executing a contract successfully.

  3. Finance: Finally, finance plays an important role in contracts as it involves budgeting, pricing, and financial liability. They will assess the costs involved and ensure that the business can afford the terms laid out in the contract.

Therefore, the correct combination of functions providing input into the contract details is C. Operations, human resources and finance.

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