What Are Functional and Cross-Functional Business Processes

question 7

Essay

What are functional and cross-functional business processes?

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Definitions:

Customer Value Proposition

A business or marketing statement that describes why a customer should buy a product or use a service, highlighting the unique value the customer will gain.

Return On Investment

A measure of the profitability of an investment, calculated by dividing the net profit from the investment by the cost of the investment, often expressed as a percentage.

Customer Value Proposition (CVP)

A business or marketing statement that describes why a customer should buy a product or use a service, highlighting the specific value it offers.

Persuading

The act of convincing someone to do or believe something through reasoning or the use of persuasion.