Which of the Following Statements Is Consistent with the Central

question 109

Multiple Choice

Which of the following statements is consistent with the central idea of business process design?

• A) Technology should be used to supplement the existing value chain.
• B) Business processes should not focus on the core competencies of organizations.
• C) Organizations should create new business processes rather than improve existing systems.
• D) Technology should be used to modify and improve standard business processes.

Understand the role of staff positions in advising and supporting line positions.

Grasp the concept of evaluating marketing performance and taking corrective actions.

Analyze the advantages of using a matrix organization in marketing.

Understand how organizational structures are tailored to specific product offerings or customer segments.

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Definitions:

Century

A period of 100 years, commonly used as a unit of time to mark historical or chronological significance.

Diminishing Returns

The property whereby the benefit from an extra unit of an input declines as the quantity of the input increases.

Economic Growth Rates

The rate at which a nation's Gross Domestic product (GDP) grows or declines.

Economic Growth Rates

Measures the rate of growth in a country's economy over a specific period, often expressed as a percentage increase in real GDP.