In Business Process Management (BPM), Once the As-Is Model Is

question 98

Multiple Choice

In business process management (BPM) , once the as-is model is created, the very next step that a team must take is to ________.

• A)obtain feedback about implementation
• B)assess the results of the changes
• C)look for improvement opportunities
• D)implement changes in the organization

---

Definitions:

Demand Function

A mathematical formula representing the relationship between the quantity of a good consumers are willing to buy and the price of the good, alongside other factors like income and the prices of related goods.

Total Revenue

The total income generated from the sale of goods or services before any costs are subtracted.

Price Elasticity

A measure of the responsiveness of the quantity demanded or supplied of a good to a change in its price.

Demand Function

An equation that describes the quantity of a good or service demanded at different prices.