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At one time, if an organization wanted to automate using a computer system, they had to develop the program on their own. Today, there is software available to perform virtually every business function although most of them will not conform exactly to what a company needs. Describe two software tools that can be used for business process analysis and design.
Wholesaler-sponsored Voluntary Chain
A form of retail organization in which independent retailers band together in a contractual relationship with a wholesaler to achieve economies of scale and compete with larger chains.
Administered Cooperative System
A cooperative arrangement where operations and activities are managed and directed by a centralized authority, often to achieve economies of scale or shared goals.
Franchising
A business model where a franchisor licenses its trade name and operating methods to a franchisee in exchange for a fee and ongoing royalties.
Contractual Arrangement
An agreement between parties that is enforced by law, specifying the duties and rights of each party.
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