________ 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:

Quantity Demanded

The complete quantity of a product or service that customers are prepared and able to buy at a given price.

Elasticity Coefficient

A numerical measure of how much the quantity demanded or supplied of a product changes in response to a change in its price, income level, or other factors.

Total Revenue

The total income received by a firm from the sale of its products or services before any expenses are subtracted.

Commodity

A basic good used in commerce that is interchangeable with other goods of the same type.