Business Processes Can Provide an Organisation with a Competitive Advantage

question 45

Multiple Choice

Business processes can provide an organisation with a competitive advantage.This competitive advantage is more likely to come from:

• A)The design of business processes that are more efficient and effective
• B)The design of business processes that are unique or offer something different
• C)The design of business processes that are more competitive and flexible
• D)The design of business processes that have lower costs of execution

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Definitions:

Principal

The original sum of money borrowed in a loan, or the amount of money invested excluding earnings or interest.

Gratuitous

Given without receiving any value in return; often refers to acts of kindness or gifts.

Revoke

The action of taking back, withdrawing, or annuling an offer, right, or privilege.

Liability

The condition of having legal accountability for a debt or duty.