Concept of TPS and the three transaction cycles. (Revenue Cycle, Expenditure Cycle, Conversion Cycle) Please use each to create your own business example to demonstrate your understanding for the three cycles. You can start with the expenditure cycle as shown on figure 2-1. You can use any business to articulate your example. Even though target sells to consumers, they have to buy from their vendors so you can use Target, Starbucks, or any store you are familiar with to make up your own example.