The Principal Idea of Reengineering Is to

question 55

Multiple Choice

The principal idea of reengineering is to

• A)fully utilize available technology to increase efficiency.
• B)get more market share.
• C)revolutionize key organizational systems and processes.
• D)provide more customized products.
• E)innovate more than the competitors.

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Definitions:

Canada Competition Act

A Canadian federal law designed to promote fair competition in the marketplace by regulating anti-competitive practices.

Fair-Trade Coffee

Fair-trade coffee is coffee that is certified as having been produced and traded under stringent fair-trade standards, which aim to ensure ethical treatment and fair compensation for producers.

Price Premium

The additional amount a consumer is willing to pay for a product over and above the perceived value of similar products.

Low Tar

Refers to cigarettes that are designed to produce a lesser amount of tar upon combustion, often perceived as a "healthier" option.