Understand the concept of business processes, and provide examples of business processes in the functional areas of an organization

Understand the concept of business processes, and provide examples of business processes in the functional areas of an organization

Answer: A business process is an ongoing collection of related activities that produce a product or a service of value to the organization, its business partners, and/or its customers. Examples of business processes in the functional areas are managing accounts payable, managing accounts receivable, managing post-sale customer follow-up, managing bills of materials, managing manufacturing change orders, applying disability policies, hiring employees, training staff and computer users, and applying Internet use policy.