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Describe the process involved in financing imports and exports using a letter of credit. Why has this system developed? What is the advantage of using this system?
Michael Hammer
An American engineer, management author, and a proponent of reengineering business processes to improve performance.
Work Process
A sequence of steps or activities that are carried out to achieve a specific goal within an organization.
Equally Rewarded
A principle where individuals or groups receive similar recognition or compensation for their efforts or contributions.
Work Process
The defined sequence of operations or activities aimed at achieving a specific goal or producing a specific output.
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