Which of the Following Strategies Relates to the Internal Business

question 43

Multiple Choice

Which of the following strategies relates to the internal business processes perspective?

• A)Infuse corporate culture of quality throughout workforce and develop reputation for quick turnaround
• B)Achieve operational excellence and infuse corporate culture of quality throughout workforce
• C)Manage customer relationships and achieve operational excellence
• D)Develop reputation for quick turnaround and manage customer relationships

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Definitions:

Total Revenue

The overall income generated by a business through the sale of goods or the delivery of services within a certain period.

Elasticity of Demand

Elasticity of Demand measures how much the quantity demanded of a good responds to a change in the price of that good, indicating how sensitive consumers are to price changes.

Necessity

An essential requirement or need for something.

Luxury Good

A good for which demand increases more than proportionally as income rises, often seen as non-essential but desirable.