________ Is a Standard Set of Terms and Graphical Notations

question 59

Multiple Choice

________ is a standard set of terms and graphical notations for documenting business processes.

• A)Business Process Modeling Notation (BPMN)
• B)Business Process Execution Language (BPEL)
• C)Component Object Model (COM)
• D)International Organization for Standardization (ISO)9000

Comprehend the steps and importance of the decision-making and planning processes in management.

Acknowledge that management functions extend beyond business settings to all types of organizations.

Recognize the sources of funding for companies and the roles of various stakeholders.

Identify the primary functions and concerns of managers within an organization.

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Definitions:

Market-Based View

A strategic perspective that emphasizes the importance of external market conditions in developing a firm's strategy.

Industry Attractiveness

A measure of the potential profitability and prospects for growth within a particular industry, influenced by factors such as competition, barriers to entry, and market demand.

Transferable Resources

Assets or capabilities that can be used or applied in different areas within an organization or in different contexts.

Competitive Advantage

The attributes or conditions that allow a company to produce goods or services better or more cheaply than its competitors.