Thursday, June 6, 2019
Business Models and Systems Essay Example for Free
line of merchandise Models and Systems EssayThe business that I am choosing to write about is a small convenience store located across the street from my childrens school. It is owned and operated by a very pleasant Indian couple. It is located in a aloof area where there are very few businesses in close proximity. This store offers a variety of products and prepared foods.The three main components of the business corpse that comprises this particular business are as follows backing as Commerce They give money in exchange for the products they need to fill their store. In this case, the owners go forth look for sales at opposite stores, and then purchase them to sell in their store. They are making a profit from their trade because it is increasing their utility. Business as an Occupation In order for them to increase their profit they would need to specialize in food service and preparation, customer service, and modern technologies.In some other words, they had to le arn how to make and present the foods that they offer, they had to learn how to communicate appropriately with their customers, and learn how to gain access to and operate new machines to make a greater profit. Business as an Organization For the time being, this particular business is owned and operated by just two people. If sometime in the future they would decide to combine their talents and resources with other people, they will be able to pursue new opportunities and reduce transaction costs and increase their profitability.