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Changing business processes with MIS outlines how to improve the three levels of business processes which include operational, managerial, and strategic. From operational to strategic, what are the three major improvement strategies that the author describes?
Nominal Wage
The amount of money paid to a worker per unit of time, measured in current currency terms without adjustment for inflation.
Price Level
A general measure of current prices for every type of good or service created in the economy.
Real Wage
The purchasing power of an individual's earnings, adjusted for inflation, reflecting the actual goods and services that wages can buy.
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