________ Is Based on the Concept of 5w2h

question 79

Multiple Choice

________ is based on the concept of 5w2h.

• A) Business process benchmarking
• B) Statistical process control
• C) Total quality management
• D) Business process reengineering
• E) Reverse engineering

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Definitions:

Demand Decrease

A reduction in the quantity of a product or service wanted by consumers at any given price level.

Production Function

A mathematical relationship expressing the maximum output that can be produced from a given set of inputs in the production process.

Marginal Product

The additional output that results from using one more unit of a production factor, keeping all other factors constant.

Total Output

The complete quantity of goods and services produced by an economy in a given period.