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grin007 [14]
3 years ago
10

_____ has been defined as the fundamental rethinking and radical redesign of business processes to achieve dramatic improvements

in critical, contemporary measures of performance, such as cost, quality, service, and speed.
Business
1 answer:
8_murik_8 [283]3 years ago
5 0

Answer: Business process re-engineering

Explanation: In simple words, business process re-engineering refers to the process in which  an organisation tries to restructure and change the process or methods of operations for smooth functioning of the business.

  It is modern technique that are used by the firms in the industries which have high competition and are strongly interdependent on other firms in the industry.

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Unlike sole proprietorship and partnerships, the corporation has a life independent of its owners and officers. This statement is true.

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  • In a partnership, parties who are referred to as business partners agree to work together to further their shared objectives. Individuals, companies, interest-based organizations, schools, governments, or combinations of these may be the partners in a partnership.
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1 year ago
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Due to emerging markets, the world is moving closer to an economic system that is more favorable for international business. There are more quality goods produced by nations and advancement in technology has also helped the economy.

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3 years ago
We assume that when a firm hires additional workers, the marginal physical product of labor will:
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WE assume that when a firm hires additional workers, the marginal physical product of labor will decrease. Why? Because more people will be added in a certain firm. Thus the resources will be divided to more people now and the money will also be divided to them
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