The Search For, and Implementation Of, Radical Change in Business

question 100

Multiple Choice

The search for, and implementation of, radical change in business processes to achieve breakthrough improvements in products and services best defines:

• A) joint application design.
• B) rapid application development.
• C) structured programming.
• D) business process reengineering.
• E) disruptive design.

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Definitions:

European Union

A political and economic union of 27 European countries that are located primarily in Europe, aiming to foster economic cooperation and create a barrier-free single market.

Common Currency

A common currency is a currency that is used by multiple countries, facilitating trade and economic policy coordination.

Comparative Advantage

The ability of an individual, firm, or country to produce a good or service at a lower opportunity cost than competitors.

Offshoring

The practice of relocating business processes or production to another country, often to reduce costs or take advantage of favorable economic conditions.