Business Process Reengineering Is

question 47

Short Answer

Business process reengineering is
the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.
a program certifying that a factory, laboratory, or office has met the quality management standards of the International Organization for Standardization.
a certification program attesting to the fact that a factory, laboratory, or office has improved environmental performance.
the redesigning of business processes to improve performance, quality, and productivity.
the concept that all employees are valuable contributors to a firm's business, and should be entrusted with decisions regarding their work.

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Definitions:

Recession

A significant decline in economic activity spread across the economy, lasting more than a few months, typically visible in GDP, real income, employment, industrial production, and wholesale-retail sales.

Consumer Ethnocentrism

The belief held by customers that purchasing domestic goods is morally right and superior to buying foreign products.

Hindu Goddess

A female deity in Hinduism, representing various aspects of life, nature, and the cosmos, such as prosperity, knowledge, and power.

WTO

The World Trade Organization, an international body that deals with the rules of trade between nations, aiming to ensure smooth, predictable, and free trade.