Which of the Following Is NOT One of the Four

question 35

Multiple Choice

Which of the following is NOT one of the four principles of process redesign?

• A) Organize around outcomes, not tasks.
• B) Have the people who do the work process their own information.
• C) Eliminate unnecessary steps in the process.
• D) Automate the remaining steps in the process.

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Definitions:

Retailing

Retailing refers to the selling of goods and services directly to consumers for personal, non-business use.

Downward-Sloping

Refers to a line or curve on a graph that moves from the upper left to the lower right, indicating a negative relationship between two variables.

Demand Curve

A chart that displays the connection between a product's price and the amount consumers are willing to purchase.

Marginal Revenue

The additional income gained from selling one more unit of a product or service.