What Are Static, Routine, Daily Business Processes Such as Stocking

question 77

Multiple Choice

What are static, routine, daily business processes such as stocking inventory, checking out customers, or daily opening and closing processes?

• A) Operational business processes
• B) Managerial business processes
• C) Strategic business processes
• D) Success business processes

Differentiate between various decision-making models.

Understand criteria for evaluating decision alternatives.

Understand the concept of a learning organization and its characteristics.

Understand the role of knowledge management in organizations.

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Definitions:

Market Share

The percentage of an industry's sales that a specific company controls.

Great Recession

A significant decline in economic activity spread across the economy, lasting more than a few months, which was officially observed in December 2007 – June 2009.

Strategic Farsightedness

The ability of individuals or organizations to anticipate and plan for future challenges and opportunities with long-term perspectives.

Strategy-making

The process of identifying and setting the organization's direction by specifying its strategy or direction and making decisions on allocating its resources.