An Approach That Moves from a Department Orientation to a Process-Team

question 221

Multiple Choice

An approach that moves from a department orientation to a process-team orientation is called

• A) process improvement.
• B) business process management.
• C) six sigma.
• D) outsourcing.
• E) virtual restructuring.

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Definitions:

Promotion

Promotion involves activities designed to communicate the merits of a product or service with the aim to persuade target customers to purchase or consume more.

Financial Resources

Financial resources represent the funds a business has available for use in its operations, including cash, investments, and lines of credit.

Startup

A young company founded to develop a unique product or service and bring it to market.

Working Capital

The difference between a company's current assets and current liabilities, indicating the short-term financial health and efficiency of a business.