What Is Business Process Re-Engineering

question 4

Multiple Choice

What is business process re-engineering?

• A) The analysis and redesign of workflow within and between enterprises
• B) A standardized set of activities that accomplish as specific task, such as processing a customer's order
• C) Integrates all departments and functions throughout an organization into a single TI system so that employees can make decisions by viewing enterprise-wide information on all business operations
• D) None of the above

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Definitions:

Break-Even Point

The sales level at which total revenues equal total costs, resulting in neither profit nor loss.

Fixed Costs

Costs that do not change with the level of production or sales over a certain range and period, such as rent, salaries, and insurance premiums.

Unit Contribution Margin

The amount by which the selling price of a unit exceeds its variable costs, contributing to covering fixed costs and generating profit.

Selling Price

The amount for which a product or service is sold to the customer, determined by factors like cost, market demand, and competitive pricing.