In Flowchart Analysis,each Activity in the Process Is Analyzed for the Value

question 7

True/False

In flowchart analysis,each activity in the process is analyzed for the value it adds to the product or service.

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Definitions:

External Environment

Factors outside an organization that can affect its operation, such as economic, social, technological, and political conditions.

Sustainable Competitive Advantage

A long-term value that a company possesses, making it difficult for competitors to replicate or overcome, ensuring continued business success.

Low-Cost Leader

A company that can produce or offer goods and services at a lower cost than its competitors, often leveraging this advantage to dominate market share.

Human Resources (HR) Triad

Refers to the three key roles or functions within HR: strategic partner, employee advocate, and change champion.