Based on the definitions in the text, which of the following are examples of business process management? Place an "X" in the space provided for those that are.
Adopting a lockbox system for cash receipts Bringing customer service in-house after outsourcing for several months Changing an office layout based on an activity-based management analysis Closing accounts at one bank and opening them at a new bank Implementing activity-based costing Instituting a formalized budgeting process Making parts instead of buying them Preparing journal entries using Peachtree Switching from paper-based documents to electronic documents Using SmartDraw to prepare flowcharts
Using SmartDraw to prepare flowcharts
Comprehend distribution strategies (selective, exclusive, intensive) used by manufacturers.
Differentiate between various types of retailers and their strategies (e.g., omnichannel, off-price, supercenters).
Understand the role and impact of omnichannel operations in retail.
Identify criteria for selecting the right retailing partner for manufacturers.
Workers' Right
The collection of legal rights and entitlements related to employment, including fair wages, safe working conditions, and the ability to form labor unions.
Unions
Organizations that represent the collective interests of workers in negotiations with employers over wages, working conditions, and benefits.
Farming Cooperative
An agricultural organization owned and operated by a group of farmers who pool their resources to gain advantages in production, marketing, and purchasing.
Economic Situation
The state of the economy at a specific time, including factors like employment, GDP, inflation rates, and market health.