Which of the Following Statements, Related to a Business Process

question 15

Multiple Choice

Which of the following statements, related to a business process, is not a true statement?

• A)It has a well-defined beginning and end.
• B)Usually takes a long-period of time to complete.
• C)Occur so that the organization may serve its customers.
• D)Is initiated by a particular kind of event.

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Definitions:

Price Discrimination Strategy

A pricing strategy where a company sells the same product to different buyers at different prices, based on what the seller believes each customer is willing to pay.

Products Online

Goods or services offered for sale on the internet, encompassing a wide range of items from clothing to software, facilitating easier access and broader choices for consumers.

Marginal Revenue

The increased earnings from the sale of one more unit of a product or service.

Purely Competitive

A market structure characterized by a large number of small firms producing identical products with free entry into and exit out of the market.