3] Business is a ____ process
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A business process is an activity or set of activities that can accomplish a specific organizational goal. Business processes should have purposeful goals, be as specific as possible and have consistent outcomes.
Business process management (BPM) is a systematic approach to improving those processes and it helps achieve business goals. If an organization is unable to perform certain business processes internally due to costs or resources, the company might utilize business process outsourcing (BPO). Many organizations contract specific business tasks, such as payroll, human resources (HR) or accounting, to a third-party service provider.
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