Which Approach Views an Organization as a Series of Process,each

question 102

Multiple Choice

Which approach views an organization as a series of process,each of which adds value to the product or service for each customer?

• A) Low cost strategy
• B) Business process
• C) Value chain
• D) First-mover advantage

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Definitions:

Bankruptcy

A legal process through which individuals or businesses unable to meet their outstanding debts seek relief from some or all of their liabilities.

Legal Proceeding

A series of steps taken to resolve a legal issue, including lawsuits, hearings, and other actions involving the judicial system.

Capital Restructuring

The process of reorganizing a company's capital structure, possibly involving changing the mix between debt and equity financing.

Debt-equity Ratio

An analysis ratio that shows how a company’s assets are financed through a combination of equity and debt.