which of the following are factors that may be evaluated when preparing the sales forecast? select one: a. number of full-time employees available to work b. expected business activities of competitors c. market research studies d. upcoming advertising campaigns e. three of the above
Answers
The factors that may be evaluated when preparing the sales forecast can vary depending on the business and industry. However, some common factors that businesses often evaluate include market research studies. Option C is correct.
Market research studies provide valuable information on customer preferences, behavior, and trends. This information can help businesses understand their target audience and adjust their sales forecast accordingly. For instance, if a market research study shows that customers are becoming more interested in eco-friendly products, a business may adjust its sales forecast to account for an increase in sales of such products.The expected business activities of competitors can also impact a business's sales forecast. For instance, if a competitor is planning to launch a new product or offer a discount, a business may need to adjust its sales forecast to account for the potential impact on sales.
Upcoming advertising campaigns can also play a role in the sales forecast. For instance, if a business plans to launch a new advertising campaign, it may expect to see an increase in sales as a result. Conversely, if a business decides to scale back its advertising efforts, it may need to adjust its sales forecast to account for a potential decrease in sales.
Number of full-time employees available to work is not typically a factor that is evaluated when preparing a sales forecast. While the number of employees can impact a business's overall operations and productivity, it is not directly related to sales forecasting. Therefore, option e (three of the above) is not the correct answer. The correct answer is c) market research studies.
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Related Questions
who ever can give me five stars and like me i will do the same back
Answers
Answer:
I will give you 5 stars like me i will do the same back
Name three factors that determine a good’s or service’s elasticity.
Answers
Answer:
Many factors determine the demand elasticity for a product, including price levels, the type of product or service, income levels, and the availability of any potential substitutes. High-priced products often are highly elastic because, if prices fall, consumers are likely to buy at a lower price.
Explanation:
Answer:
(1) availability of substitutes(2) if the good is a luxury or a necessity, (3) the proportion of income spent on the good, and(4) how much time has elapsed since the time the price changed.On December 28, Kerr Manufacturing Co. purchased goods costing $50,000. The terms were F.0.B. destination. Some of the costs incurred in connection with the sale and delivery of the goods were as follows.
Packaging for shipment $1,000
Shipping 4,500
Special handling charges 2,000
These goods were received on December 31. In Kerr's December 31 balance sheet, what amount of cost for these goods should be included in inventory?
Answers
Explanation: This is why I believe the answer is $50,000
- When the shipping terms are FOB
destination, the seller has the responsibility of all costs of
transporting the goods to the buyer.
Therefore, the seller is responsible for the
payment of packaging costs ($1,000),
shipping costs ($4,500), and the special
handling charges ($2,000). The only
amount to be included as the buyer's cost
of the inventory purchased is the purchase
price ($50,000).
When discussing choosing a Cunningham for the jury, Atticus says, “When you analyze it, there was little risk. There’s no difference between one man who’s going to convict and another man who’s going to convict, is there? There’s a faint difference between a man who’s going to convict and a man who’s a little disturbed in his mind, isn’t there?
Answers
Atticus says they're pοοr grοwers, but want tο get by οn their οwn. Hοwever, they pay in crοps because that's all they can dο, If they need tο hire peοple.
Atticus has nοthing against the Cunninghams, but Scοut dοes n’t knοw any better. She said tο Calpurnia, “ he ain’t cοmpany, Cal, he’s just a Cunningham.
”She alsο says that he lοοks like he was raised οn fish fοοd. After Scοut explained why she was frenetic at Walter, he tοld her tο put herself in his shοes. That yοu nοway really knοw a persοn unless yοu see the wοrld in their pοint οf view.
The Finches are analοgοus tο the Cunninghams because bοth families are cοnsidered pοοr because οf the Great Depressiοn, indeed thοugh the Cunninghams have lοwer. The are different because οf sοcial class.
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The development of market power by a firm is considered to be a market failure because firms with market power will
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Ryun Inc has an order to manufacture several specialty products. The beginning cash and equity balances were $105,000. All other beginning balances were $0. Use your T-Account worksheet to record the following transactions: 1. Purchased $44,000 of direct materials on account. 2. Used $40,000 direct materials in production during the month. 3. Manufacturing employees worked 2,500 hours and were paid at a rate of $15 per hour. Paid cash for the direct labor expense. 4. The company applies OH based on direct labor cost. This year's annual overhead is estimated to be $450,000. The actual direct labor cost last year was $800,000. The company estimates it will spend $750.000 in labor cost this year. 5. Compute and record the OH applied to the job. 6. Completed units costing $50,000 during the month. 7. Sold 5.000 units costing $5.50 during the month. The selling price is 40% above cost. Received cash. 8. This year, the company paid $25,400 cash for actual OH expenses incurred. Last year the: company paid $86,000 cash for OH expenses. Record the actual OH costs. 9. The company considers OH differences less than $4,000 to be immaterial. By how much was OH over applied or under applied? Record the difference. Now, CHOOSE 6 CORRECT STATEMENTS from the choices below. You should have 6 check marks indicating your answer choices. Each answer choice is worth 4 points: 1. The predetermined overhead rate is? 2. The direct labor that is debited to labor expense is? 3. How much are the total current manufacturing costs? 4. How much revenue did the company earn? 5. By how much was MOH over/under applied? 6. How much are the costs of goods manufactured? The cost of goods manufactured is $27,500 The amount of sales revenue earned was $38,500 The cost of goods manufactured is $40,000 The direct labor that will be debited to direct labor expense is $160,137 The amount of over/under applied MOH is $0 The total current manufacturing costs are $100,000 The amount of over/under applied MOH is $2,950 The direct labor that will be debited to direct labor expense is $22,500 The direct labor that will be debited to direct labor expense is $37,500 The predetermined MOH rate is $.60 The amount of over/under applied MOH is $667 The amount of sales revenue earned was $50,000 The direct labor that will be debited to direct labor expense is $0 The amount of sales revenue earned was $27.500 The predetermined MOH rate is $.75 The direct iabor that will be debited to direct tabor expense is $162,833 The cost of goods manufactured is $50,000 The predetermined MOH rate is $1.67
Answers
Ryun Inc recorded various transactions related to manufacturing specialty products, starting with a cash and equity balance of $105,000. The transactions included purchasing direct materials, using them in production, paying manufacturing employees, etc,.
The company also recorded actual overhead expenses and determined the over/under application of overhead. To answer the given statements, the cost of goods manufactured is $27,500, the amount of sales revenue earned is $38,500, the direct labor debited to direct labor expense is $22,500, the total current manufacturing costs are $100,000, the over/under application of MOH is $2,950, and the predetermined overhead rate is $1.67.
Ryun Inc started with a cash and equity balance of $105,000 and recorded transactions throughout the month. They purchased $44,000 of direct materials on account and used $40,000 of those materials in production. The manufacturing employees worked 2,500 hours, and their wages of $15 per hour were paid in cash as direct labor expenses.
The company applied overhead (OH) based on direct labor cost. The annual overhead estimate for this year is $450,000, and the actual direct labor cost of the previous year was $800,000. The company expects to spend $750,000 on labor cost this year. The OH applied to the job can be computed based on these values.
During the month, Ryun Inc completed units costing $50,000 and sold 5,000 units costing $5.50 each. The selling price was 40% above the cost. They received cash for the sales revenue.
The company also recorded actual overhead costs. They paid $25,400 cash for this year's overhead expenses and $86,000 cash for last year's expenses.
To determine the over/under application of overhead, the company considers differences less than $4,000 to be immaterial. The difference can be calculated based on the applied overhead and actual overhead costs.
In response to the given statements, the cost of goods manufactured is $27,500, the amount of sales revenue earned is $38,500, the direct labor debited to direct labor expense is $22,500, the total current manufacturing costs are $100,000, the over/under application of MOH is $2,950, and the predetermined overhead rate is $1.67.
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Darrin lives in washington, d. C. , which has a sales tax of 6%. He just bought a video camera whose full price was $620, but after sending in a rebate form, he later received a check in the mail for $95. What was the total amount that darrin ended up paying after receiving the rebate?.
Answers
The total amount Darrin paid after receiving the rebate would be $525. It is the basic concept of finding the final price after discount.
To find the final price that Darrin paid for the video camera after receiving the rebate, you need to subtract the amount of the rebate from the original price of the camera. In this case, the original price of the camera is $620, and the rebate he received is $95.
So, to find the final price, you subtract the rebate amount from the original price:
$620 - $95 = $525.
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If Sadie has $2,000 in cash in the bank and $8,000 in stocks but has $4,500 in credit
card debt, what is Sadie's net worth?
A . $5,000
B . $2,000
C . $5,500
D . $14,500
Answers
Answer:
C. 5500
Explanation:
Its simple addition and subtract
8000-4500=3500
3500+2000=5500
multiple choice-- economics
You are interested in becoming a business owner. You want the freedom to be your own boss but do not want to deal with all of the stress that comes with starting a new business. What type of business ownership makes the most sense for you? >>
Partnership
Franchise
Corporation
Sole proprietorship
Answers
Answer:
A partnership.
Explanation:
In a partnership you are a part owner of a business, but you share responsibility.
the term used to describe the amount the company expects to receive for an asset at the end of its service life is
Answers
Answer: residual value (or salvage value)
Explanation:
You are the manager of a project that has an operating leverage rating of 2.8 and a required return of 14 percent. Due to the current state of the economy, he expects sales to decrease by 7 percent next year. What change should you expect in operating cash flows next year given your sales forecast?
Answers
Answer:
The change should you expect in operating cash flows next year would be 19.60%
Explanation:
In order to calculate the change should you expect in operating cash flows next year given your sales forecast we would have to make the following calculation:
change should you expect in operating cash flows=operating leverage rating*percentage of decrease sales next year
change should you expect in operating cash flows=2.8*0.07
change should you expect in operating cash flows=19.60%
The change should you expect in operating cash flows next year would be 19.60%
HELPP on question 10
Answers
Answer:
land?
Explanation:
Answer:
Land
Explanation:
peter inc. earned interest on its bank deposit. the interest will be received at the beginning of next year. on december 31, peter should
Answers
Peter Inc. earned interest on its bank deposit. The interest will be received at the beginning of next year. On December 31, Peter should record an adjusting entry to account for the earned interest. The adjusting entry should debit Interest Receivable and credit Interest Income for the amount of interest earned.
Peter should record an adjusting entry on December 31 because it is the end of the accounting period. The adjusting entry for Interest Receivable and Interest Income is a result of accrual accounting, which is based on the revenue recognition principle.
This principle requires revenue to be recognized when earned, regardless of when payment is received.The debit to Interest Receivable reflects the amount of interest that has been earned but not yet received. The credit to Interest Income increases the income earned by Peter Inc. for the period. When the interest is received in the following year, an additional journal entry should be recorded to remove the Interest Receivable and record the cash received. The entry would be a debit to Cash and a credit to Interest Receivable, thus decreasing the receivable.
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When banks offer borrowers smaller loans than they have requested, banks are said to?
Answers
Banks offer Borrower's ability to repay the loan, a lack of collateral to secure the loan, or a shortage of funds available for lending.
How bank offers Borrower's ability?When banks offer borrowers smaller loans than they have requested, it is said to be a loan "rationing" or "credit rationing" situation.
Credit rationing occurs when lenders limit the amount of credit available to borrowers, either by offering lower loan amounts than requested or by setting strict criteria for loan approval that some borrowers cannot meet. This may happen for several reasons, such as the lender's concerns about the borrower's ability to repay the loan, a lack of collateral to secure the loan, or a shortage of funds available for lending.
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Under variable costing, the cost of goods manufactured consists of all except direct materials. direct labor. variable factory overhead. fixed factory overhead.
Answers
Under variable costing, the cost of goods manufactured consists of direct materials, direct labor, and variable factory overhead.
It excludes fixed factory overhead as it is considered a period cost and is not directly associated with the production of goods. Under variable costing, the cost of goods manufactured consists of direct materials, direct labor, and variable factory overhead. Fixed factory overhead is not included in the cost of goods manufactured under variable costing because it is considered a period cost rather than a product cost. Fixed factory overhead is instead treated as an expense in the period in which it is incurred.
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Duke and pat collins have adjusted gross income of $358,000. they have itemized deductions of $20,000 consisting of $8,000 in medical expenses that exceed 10% of adjusted gross income, $3,000 in property taxes, $4,000 in housing interest, and $5,000 in miscellaneous itemized deductions that exceed 2 percent of adjusted gross income. what is the amount of their itemized deduction?
Answers
Answer:
$18,599
Explanation:
the $8,000 in medical expenses are 100% deductible,
but property taxes, housing interest and other miscellaneous deductions are not 100% deductible : $3,000 + $4,000 + $5,000 = $12,000
of the $12,000, you will be able to deduct $12,000 - [($358,000 - $311,300) x 3%] = $12,000 - $1,401 = $10,599
total itemized deductions = $8,000 + $10,599 = $18,599
Why would it be a good idea to mix stocks and bonds in your investment portfolio?
Answers
Answer:
To have more variety and just more in general!
Explanation:
Hope this helps!
The forecast was 70 units for the current period while actual demand was 76. the forecast for the next period is 75.8. what is alpha if a simple exponential smoothing forecast method is being used?
Answers
Answer:
To find the value of alpha in a simple exponential smoothing forecast method, we can use the following formula:
alpha = (actual demand - forecast for current period) / actual demand
Plugging in the values from the problem, we get:
alpha = (76 - 70) / 76 = 6 / 76 = 0.0789
Thus, the value of alpha in this case is approximately 0.0789.
_________ has/have helped firms to concentrate on their core business.
Answers
Outsourcing has helped firms to concentrate on their core business.
Outsourcing refers to the practice of hiring a third-party company or individual to perform non-core business functions. By outsourcing tasks such as IT support, human resources, and accounting, firms can focus more resources and attention on their core competencies. This allows them to increase efficiency and productivity, and ultimately improve their bottom line. Additionally, outsourcing can provide cost savings, access to specialized expertise, and flexibility in managing business operations. Overall, outsourcing has become a popular strategy for businesses looking to streamline their operations and maximize their resources.
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E-commerce involves digitally enabled commercial transactions between and among organizations and individuals. It differs from e-business in that no commercial transaction (an exchange of value across organizational or individual boundaries) takes place in e-business. However, there are some unique features of e-commerce especially its technology. Review some of the unique features of e-commerce technology.
Answers
E-commerce is an electronically enabled commercial transaction between individuals or organizations that may have some unique features compared to other forms of commerce. Some of the unique features of e-commerce technology are as follows:
1. Ubiquity: E-commerce can be carried out anytime and anywhere as it is internet-dependent, meaning that it has a global reach. It is possible for a customer to purchase a product from any location at any time, making it available 24/7.
2. Global reach: E-commerce provides businesses with a global reach, and it provides customers with access to products and services from all around the world.
3. Personalization and customization: E-commerce enables personalization of the shopping experience, through the use of data and information from cookies. Personalization and customization create an opportunity to build a deeper relationship with customers.
4. Interactivity: E-commerce is interactive, meaning that customers can participate in product design and pricing. Feedback and reviews provide businesses with insights on customer needs and preferences.
5. Richness: E-commerce offers a rich visual and sensory experience through the use of video, audio, and images.
6. Information density: E-commerce provides customers with more information about products and services than traditional commerce, such as product specifications, customer reviews, and product comparison.
7. Social technology: E-commerce provides businesses with the opportunity to connect with customers through social media, forums, and blogs. Social technology is an essential aspect of e-commerce, and it provides a platform for customer engagement and feedback.
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PLZZ HELP
just need 50 words for a justification on this topic.....that's all....plzzzzz.......its worth max points so plzzzz make it good.
Analyse how Nike has dominated globally throughout the decades and drives the economy.
Answers
Every company develops a brand reputation. Sometimes it helps the company bring in more revenue, and sometimes it plays against it. That's not the case for Nike, which by sponsoring many high-profile athletes and sports teams all over the world has become one of the most recognized global symbols.
Strong branding is just one of Nike's many competitive advantages. A culture of innovation, plenty of international opportunities for revenue expansion, and significant pricing power make this stock a must watch. Its shares are up almost 50% since early January, but this may be just the beginning.
Founded in 1964 by University of Oregon track athlete Philip Knight and his coach Bill Bowerman, Nike has become a leading player in the athletic footwear and apparel industry. Over the past 40 years, the company has built several competitive advantages:
Strong Brand: Nike has been able to establish strong emotional connections with athletes by building one of the most widely recognized brands in the world. Interbrand puts Nike in the 26th position of its Best Global Brands 2012 Ranking, well above Adidas , which is in the 60th position. Pricing Power: Nike's strong brand has enabled the company to set high prices, and therefore enjoy a higher gross margin in footwear than most of its competitors. Just in the latest quarter, the company posted an increase of 110 basis points in gross margin to 43.9%. Global Supply Chain: With more than 1000 factories worldwide and 1 million workers employed, Nike's supply chain overshadows any other competitor. The company has the resources needed to supply the world with top-quality shoes without any trouble.
These advantages have allowed the company to more than double its revenue in the past 10 years. As earnings per share grew at a compounded rate of 15%, management returned over $15 billion to shareholders via dividend payments and share repurchases. The key behind these figures is massive growth. It took the company 18 years to earn its first $2 billion in revenue. By growing 8% in 2012, the company added that much in just 12 months.
Emerging markets are a massive opportunity for Nike. Asia and Latin America in particular are set to become the firm's primary growth engines. Both regions will continue experiencing strong demand for its products due to increasing economic prosperity and a strong interest in sports.
The brand is already the leading player in China with more than $2.4 billion in sales in 2012. Because of increasing competition coming from Adidas and Hennes & Mauritz, however, Nike's inventories have started to grow faster than its sales after growing its business 23% between 2011 and 2012. That being said, Nike still has plenty of room left for discounts in order to protect its leading position from Adidas.
Brazil is another key market. According to the company's latest letter to shareholders, management is preparing a marketing plan more ambitious than anything they have done before for the 2014 World Cup and the 2016 Olympics.
Nike's classic rival, Adidas, became stronger after the 2006 acquisition of Reebok. The German sports equipment maker is making steady progress in international expansion, and will also benefit from a sales boost coming from the World Cup next year as it will be sponsoring strong teams, such as Germany, Argentina and Spain. However, by securing more than half of the teams in the 2010 World Cup, including the French and Brazilian national soccer teams, Nike will be the main figure.
The industry certainly looks fierce. That should not be a problem for Nike, however, which has all the competitive advantages needed to keep its leading position in the global athletic footwear, apparel, and equipment market, which is worth as much as $284 billion. With more than a thousand factories all over the world and one of the strongest global brands ever created, Nike is well prepared to capitalize on its emerging markets business and welcome one billion new consumers on the way.
how does increase in productivity result in decrease in cost of production?
please give me a simple answer
Answers
Answer:
Explanation:
say you buy a machine that cost 1 million dollars. The more products you produce with that machine, the cheaper the production cost is.
Scientists assign each kind of organism a universally accepted name in the system known as:.
Answers
The correct answer is The correct answer is binomial nomenclature.
Explanation:
When a new species of live organism is found, it is given a name using the binomial system...
What does indigenous technology mean?
Answers
Answer: I hope this is helpful mark brainlist if right then no if wrong
Explanation:
Indigenous technology is used by the native inhabitants of a country or region and it constitutes an important part of its cultural heritage. Characteristically, indigenous technologies: Are recognized as animate, imbued with the breath of life and they live in form and function.Technologies employed by the native inhabitants of a country and which constitute an important part of its cultural heritage and should therefore be protected against exploitation by industrialized countries; the problem of indigenous knowledge has been discussed during the Rio Conference but it does not receive much ...Types of indigenous technology in India are; (i) Generic Drugs. (ii) Thorium based Nuclear Reactors. (iii) Plastic RoadsIndigenous Technology is created within a sensory environment that builds on our sense of relationship, meaning, balance, feeling, memory and place as well as sight, sound, smell, taste and touchIndigenization is the process by which Indigenous ways of knowing, being, doing and relating are incorporated into educational, organizational, cultural and social structures of the institution.One example of Indigenous Technologies in action today can be witnessed in differential approaches to medicine. Medical technologies in the Western Scientific sense of the term might conjure images of biomedical research labs, electromagnetic monitors or imaging systems such as CT or MRI scans.Indigenous technology is used by the native inhabitants of a country or region and it constitutes an important part of its cultural heritage. Characteristically, indigenous technologies: Are recognized as animate, imbued with the breath of life and they live in form and function.
Mr. Johnson received $1,750 on his paycheck for two weeks. He got $275 taken out of his check for taxes and $125 for his health insurance. The amount he had left is defined as his Mr. Johnson received $1,750 on his paycheck for two weeks. He got $275 taken out of his check for taxes and $125 for his health insurance. The amount he had left is defined as his Net income Property tax Income tax Gross income
Answers
Mr. Johnson received $1,750 on his paycheck for two weeks.The amount he had left is defined as Net income.
Option A is correct.
How does net profit compare to net income?Simply put, profit is the revenue that remains after expenses are deducted; Depending on the types of costs that are deducted from revenue, it exists on multiple levels. A single number, net income—also known as net profit—represents a particular kind of profit. The well-known bottom line on a financial statement is net income.
How is net income figured out?The gross salary less any deductions, such as professional tax, pension, income tax, etc., is the net salary. whereas gross includes all benefits like a medical allowance, a transportation allowance, and a house rent allowance, among others
Question incomplete:Mr. Johnson received $1,750 on his paycheck for two weeks. He got $275 taken out of his check for taxes and $125 for his health insurance. The amount he had left is defined as his Mr. Johnson received $1,750 on his paycheck for two weeks. He got $275 taken out of his check for taxes and $125 for his health insurance. The amount he had left is defined as his
A. Net income
B. Property tax
C. Income tax
D. Gross income
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Merton's Toothpaste has been the leader of dental care products for about 40 years. However, this company relied too long on its competency of reducing cavities without refining or upgrading other aspects of its product. As a result, other personal hygiene companies that began to offer toothpastes with natural whitening agents gained a competitive advantage over Merton's. This case is an example of dynamic capabilities. resource flow. core rigidity. value chain.
Answers
Answer:
Core rigidity.
Explanation:
In this scenario, Merton's Toothpaste has been the leader of dental care products for about 40 years. However, it relied too long on its competency of reducing cavities without refining or upgrading other aspects of its product. As a result, other personal hygiene companies that began to offer toothpastes with natural whitening agents gained a competitive advantage over Merton's. This case is an example of core rigidity.
Core rigidity is the flip side or contrast of both core capabilities and competency. Core rigidity is usually caused when a successful business entity dwell for too long on advantages, capabilities and competency as a result of its dominant position. However, its rivals in the same industry are evolving, getting better and gradually taking over the market because the successful business entity didn't improve or become innovative.
In conclusion, when Merton relied too long on its competency of reducing cavities without refining or upgrading other aspects of its product, other personal hygiene companies that began to offer toothpastes with natural whitening agents gained a competitive advantage over Merton's.
A surface, such as a prep table, that touches food or from which food could drip or drain onto surfaces that touch food is
called a "food-splash surface."
True
False
Answers
Answer:
False
Explanation:
Food contact surface is what it is called
_____________ career cluster involves planning, organizing, directing, performing, and evaluating business functions essential to effective and productive business operations.
Answers
Answer:
The business, Management, and Administration Career.
Explanation:
Sorry If I'm wrong.
The business, Management, and Administration career cluster involve planning, organizing, directing, performing, and evaluating business functions essential to effective and productive business operations.
What is the purpose of Business Management and Administration?Running daily operations is referred to as administration. However, taking charge of something is the definition of management. The day-to-day operations of the company are managed by a business administrator, while the business manager focuses more on overall leadership. In a small business, one individual can handle both tasks.
Planning, organizing, directing, and evaluating business functions—essential to effective and profitable business operations—relate to careers in the Business Management and Administration cluster. Organizations of all kinds require careers in leadership, management, and support functions to function effectively.
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which of these is the healthiest inflation rate?
A. 2.5%
B. 3%
C. 3.5%
Answers
Based on the Consumer Price Index, the Federal Reserve seeks to maintain inflation at 2%. (CPI)
Price increases, or inflation, can be thought of as the gradual loss of purchasing power. The average price increase of a selection of products and services over time can serve as a proxy for the rate at which buying power declines.
A unit of currency effectively buys less as a result of the increase in pricing, which is sometimes stated as a percentage. Deflation, which happens when prices fall and buying power rises, can be compared to inflation.
The rate at which the cost of goods and services increases is known as inflation.
Demand-pull inflation, cost-push inflation, and built-in inflation are the three categories into which inflation is sometimes divided.
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In the _________ phase of BPI, the BPI team identifies relevant process metrics and collects data to understand how the metrics evolve over time.
Answers
Answer:
Measure.
Explanation:
In the measure phase of Business Process Improvement (BPI), the Business Process Improvement (BPI) team identifies relevant process metrics and collects data to understand how the metrics evolve over time.
Business Process Improvement (BPI) can be defined as an incremental approach, in which an organization focuses on limiting variation in the process outputs by searching for the main causes of the variation among process inputs or in the process itself.
The main steps of the Business Process Improvement (BPI) includes; mapping, analysis, redesign, implementation, reflection and benchmarking.
Additionally, some of the methodologies used for the Business Process Improvement (BPI) are Six Sigma, Total Quality Management (TQM), Lean etc.
Answer:
Explanation:
In the measure phase of Business Process Improvement (BPI), the Business Process Improvement (BPI) team identifies relevant process metrics and collects data to understand how the metrics evolve over time.