A "Best Practice" Refers To

question 79

Multiple Choice

A "best practice" refers to:

• A) a policy or procedure that is unusually effective.
• B) a method of performing an activity or business process that consistently delivers superior results compared to other approaches and that at least one company has demonstrated works particularly well in terms of delivering operating excellence.
• C) a strategy-critical activity that results in sustainable competitive advantage.
• D) a value chain activity that is a company's distinctive competence.
• E) a particular value chain activity that management has given top priority to performing in world-class fashion.

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Definitions:

United Nations

An international organization founded in 1945 to promote world peace, security, and cooperation among its member countries.

Headquarters

The main office or center of operations of an organization or company, where key managerial and administrative activities are coordinated.

New York

A state in the northeastern U.S., known for New York City and its status as a cultural and financial hub.

North Atlantic Treaty

An agreement that established the North Atlantic Treaty Organization (NATO), a military alliance designed for collective defense against aggression.