Business Models and Systems Essay

The business that I am choosing to write about is a small convenience terminal located across the street from my childrens school. It is owned and operated by a very pleasant Indian couple. It is located in a remote 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 system that comprises this concomitant business are as follows Business as Commerce They give money in deputise for the products they need to fill their store. In this case, the owners will look for sales at other stores, and then grease ones palms 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 proceeds and preparation, customer service, and modern technologies.In other words, they had to learn how to make and present the foods that they offer, they had to learn how to communicate fitly 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 get over transaction costs and increase their profitability.