A Process Map (Flowchart)

question 76

Multiple Choice

A process map (flowchart)

• A)Is boundary-less
• B)Does not include information flow
• C)Is often used as a baseline to describe how a process is performed
• D)Must include a line of customer visibility

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Definitions:

Substitute Good

A product or service that consumers can use in place of another product or service, influenced by changes in prices, tastes, and other factors.

Market Demand Curve

A graphical representation showing the total quantity of a good or service that consumers in a market are willing and able to purchase at various prices.

Consumer Income

The total amount of income received by consumers, affecting their purchasing power and demand for goods and services.

Fast Food

Quick service food, often pre-prepared or quickly made, served in restaurants or outlets for rapid consumption.