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What are internal processes

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1. What are internal processes? Why is it important to define and refine internal processes? Give examples to support your answers.

2. How would financial, cost, and risk metrics help guide and adjust internal business processes? Give examples to support your answers.

3. What is an algorithm? What is a model? How can these concepts/tools be used in business to guide and control a company? Give examples of their use in the business world.

4. What is a simulation? Where would a simulation be used in business? Why would a simulation be used in business? Give examples to support your answers

5. How are analytics used in the following areas: operations, quality, research and development, finance, accounting, and marketing? Identify where you

Reference no: EM132969159

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