_____ Is Defined as the Fundamental Rethinking and Radical Redesign

question 67

Multiple Choice

_____ is defined as the fundamental rethinking and radical redesign of business processes to achieve dramatic improvements in critical,contemporary measures of performance,such as cost,quality,service,and speed.

• A)Process mapping
• B)Total quality management
• C)Reengineering
• D)Benchmarking

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Definitions:

Production Value

The total worth of goods and services produced within a given period, measured often in terms of the cost of production or market value.

Job Assignment

The process of allocating specific jobs or tasks to employees based on their skills, experience, and availability.

Maximum Value

The highest level of benefit, utility, or satisfaction obtained from a product, service, or action.

Cost of Production

The cumulative costs associated with producing a product, encompassing expenditures on raw materials, workforce, and indirect expenses.