Business Process ___ Is a Radical Redesign of a Business

question 9

Short Answer

Business process ___ is a radical redesign of a business process that improves its efficiency and effectiveness often by beginning with a "clean sheet."

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Definitions:

Minimum Cash Balance

The lowest amount of cash that a company aims to maintain in its accounts to adequately meet its operational and financial obligations.

Borrowing

The act of obtaining funds from a lender under the agreement to pay back the principal amount along with interest or other charges.

Inventory Levels

The quantities of goods and materials a company holds for the purpose of resale or production at any given point in time.

Raw Material

The basic, unprocessed inputs used in the production of goods, often transformed through manufacturing processes into finished products.