An Activity Businesses Perform to Measure and Compare Business Processes

question 87

Multiple Choice

An activity businesses perform to measure and compare business processes to similar processes of other companies within their industry is

• A)benchmarking.
• B)best practices.
• C)value chain analysis.
• D)strategic systems analysis.
• E)secondary activities.

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Definitions:

Emerging Markets

Denotes countries or regions experiencing rapid industrialization, economic growth, and increased investment, often characterized by volatile but high potential returns.

Internal Force

Psychologic or emotional factors within an individual that influence their behavior, motivation, and decision-making processes.

Increase In Working Hours

An expansion in the amount of time employees are required to work, potentially impacting productivity and well-being.

Incremental Change

Gradual adjustments made over time in processes, policies, or strategies, rather than significant transformations all at once.