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Usefulness of Modeling Business Activity

Usefulness of Modeling Business Activity - 1 Raymond...

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1 Raymond Gonzalez, Section 2 Usefulness of Modeling Business Activity Raymond Gonzalez Section 2, [email protected] School of Business Business modeling can be a very useful tool for almost any business. Whether a business is a small sole proprietorship or a huge corporation, business modeling if done efficiently, can provide a huge advantage over the competition. A business that can utilize the benefits of modeling business activities will not only be able to minimize costs in operations but also make operations more efficient. Ultimately any profit-oriented company that correctly models their business activities will on average, have lower costs and higher profits than companies that don’t model the activities. A company with the ability to model their business activities will have an advantage over its competitors. This is true because the company that has the capability to model their business activities will have advantages such as lower operating costs and higher profits.
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