Week 1- Business Models and Systems Checkpoint- Chris Farris

Week 1- Business Models and Systems Checkpoint- Chris...

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Business Models and Systems 1 Conoco Fuel Station and Garage Business Commerce – The fuel station provides fuel and lubricants from outside pumps that can be accessed 24hrs per day. The outside pumps have pay at the pump to reduce personnel overhead and add convenience for people in a hurry or customers can go inside where drinks, snacks, and magazines are available for purchase. The fuel for vehicles is always in high demand because people rely on their vehicles to transport them from their homes to work, grocery store, and other locations on a daily bases. The demand for fuel stays on a consistent basis and has the supply of fuel oil diminishes the price for a gallon of fuel rises in price. The high demand and lower fuel supply has raised the price of fuel to an all-time high creating a consistently changing market price for the fuel and lubricants. All these products are purchased using cash, check, and credit card. The fuel station makes more of a profit on fuel when fuel prices are low because of the higher demand for the fuel. When fuel prices are high the fuel station makes less of a
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Week 1- Business Models and Systems Checkpoint- Chris...

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