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I Smart Store I smart store is a multinational e-business that deals with electronic technological products like smartphones, personal computers, iPhones, and iPads. The company is a franchise dealing only with Apple products. Dealing with Apple products requires the store to acquire approval from the company to operate as an authorized reseller. Further, the company requires the dealers to purchase at least one hundred thousand dollars in equipment each year. The business will operate as both a retailer and wholesaler distributing the products across the globe. FUNCTIONS OF THE ORGANIZATION First, it is important for me as the store owner to carry out intensive research about the market and the environment in which my business is operating. The research is carried out by outsourced qualified personnel. The exercise requires me as the entrepreneur to compensate the personnel. The expenses are offset from the business profits (Archer 1). Secondly, the store requires the starting capital that will help acquire the resources needed to keep it running. I am required to source the capital from personal savings, family and friends, financial institutions and other private lenders. Failure to take into account the financing exposes the business to the risk of failure (Archer 1). Thirdly, the store will require employees to perform tasks like receiving calls from the customers and delivering the products where required. Employees are the backbone of the organization. It is therefore important for me to ensure that I recruit employees with the best skills. Qualified employees ensure the company’s success (Archer 1). The employees ensure that customers are satisfied
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