What Are the Components of a Business Process? Give Examples

question 108

Essay

What are the components of a business process? Give examples of each.

---

Definitions:

Distribution

The process of making a product or service available for consumption or use by a consumer or business user.

Risk Taking

The willingness to engage in behaviors that have the potential to be harmful or dangerous, yet also provide the opportunity for some kind of outcome that can be seen as positive.

Facilitating Functions

Activities that help in the smooth exchange of products and services between producers and consumers, such as financing, marketing information management, and logistics.

Channel Intermediaries

Firms or individuals such as wholesalers, agents, brokers, and retailers who help move a product from the producer to the consumer or business user.