______ Is the Process of Comparing Management Processes and Performance

question 13

Multiple Choice

______ is the process of comparing management processes and performance metrics to best practices.

• A) strategic planning
• B) benchmarking
• C) risk analysis
• D) business process reengineering

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Definitions:

Creative Destruction

A concept in economics that suggests economic innovation and progress often involves the dismantling of existing structures or industries to make way for new ones.

Digital Cameras

are electronic devices that capture and store photographs in digital form, allowing for immediate viewing, manipulation, and sharing.

Netflix

A streaming service that offers a wide variety of TV shows, movies, anime, documentaries, and more on thousands of internet-connected devices.

Long-Run Supply Curve

A graph that shows the relationship between the price of a good and the quantity supplied by all firms in the market, assuming all inputs are variable and firms can enter or exit the market.