When Comparing BPI Initiatives to BPR Projects, Which of the Following

question 3

Multiple Choice

When comparing BPI initiatives to BPR projects, which of the following statements are true? (Select all that apply)

• A) BPI is less costly
• B) BPI takes more time
• C) BPI is less risky
• D) BPI consumes fewer organizational resources
• E) BPI delivers greater performance gains

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Definitions:

Elasticity of Demand

A measure of how responsive the quantity demanded is to a change in price, indicating how a product's demand will fluctuate with pricing changes.

Marginal Rate

Often refers to the incremental increase in cost or benefit associated with a one-unit change in an economic activity.

Substitution

The economic principle where consumers replace more expensive items with less costly alternatives, or when firms swap higher-priced inputs with cheaper resources.

Income Effect

The change in consumption resulting from a change in real income.