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To keep its customers happy, protect its financial performance, and protect its competitive advantage, a company must continually evaluate all the business processes in
To keep its customers happy, protect its financial performance, and protect its competitive advantage, a company must continually evaluate all the business processes in its value chain. Improving the efficiency and effectiveness of its business processes will improve the firm's value chain. The goal of this activity is for you to understand the powerful value-adding relationships between business strategies and core business processes. Instructions: Listed below are common business practices. Select the department to which each practice belongs. 1. Tracking vacation and sick time (Click to select) 2. Creating financial statements (Click to select) 3. Ordering inventory (Click to select) 4. Promoting of discounts (Click to select) 5. Paying of accounts payable (Click to select) 6. Hiring employees (Click to select) 7. Creating production schedules (Click to select) 8. Communicating marketing campaigns (Click to select) 9. Collecting of accounts receivable (Click to selecti
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To match the business practices with the respective departments lets identify the primary functions of each practice and align them with the appropria...Get Instant Access to Expert-Tailored Solutions
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