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Business Models and Systems Bus 210

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Business Models and Systems
Terilyn L. Blue
BUS 210
June 8, 2012
Tony Sines, MBA/TM

Business Models and Systems
The three components of business are: Business Commerce, Business Occupation, and Business Organization. Business Commerce is the process through which people produce exchange and trade goods and services. Business Occupation is the acquired set of specialized skills and the abilities that allows people to create valuable goods and service. Business Organization is the system of task and authority relationship which coordinates and controls the interactions between people so that they work towards a common goal. When you put all these factors together you get a business system, which is the combination of business, commerce, occupations, and organizations that produces and distributes the goods and services that create value for people in society. In my area there is a business that operates as a pharmacy. It is owned and operated under a franchise name. The owners are in a partnership with various members of the family, making it a family owned business. The owners of this business decided they wanted to be able to serve the community in various ways. The shelves are stocked with quality low priced items that everyone in the community can afford. The service is on a more personal level. Mr. Woods purchases his supplies from the local market in Alabama where his says he get a great deal to pass onto his customers. There are times when Mr. Woods have to purchase supplies outside of his first choice of suppliers. When this happens the price of certain items do rise in order to keep his profit margins the same. Mr. Woods makes sure his staff is adequately trained and has the education it takes to operate a pharmacy.

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