Improving Business Processes by Reengineering Them,benchmarking Specific Activities Against Industry

question 23

Multiple Choice

Improving business processes by reengineering them,benchmarking specific activities against industry leaders,encouraging employee input to identify excess costs,increasing capacity utilization,and improving employee productivity lead to a significant overall gain.These are examples of which turnaround strategy used by successful companies?

• A) asset and cost surgery
• B) selective product and market pruning
• C) piecemeal productivity improvements
• D) global expansion

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Definitions:

Place of Delivery

The specified location where goods are to be delivered under the terms of a contract or agreement.

Seller's Place

Refers to the business location or premises from which a seller operates or conducts business transactions.

Good Faith

The honest intention to act without taking an unfair advantage over another party, often referenced in contracts and negotiations to ensure fair dealings.

Commercial Standards

Established practices or criteria within a business sector that are widely accepted and used to maintain quality and consistency.