The efficiency of a business firm depends to a large extent on how well its internal and interorganizational business processes are designed and coordinated.

Question

Quizplus · Accepted Answer

The statement is true as efficient internal and interorganizational business processes help in minimizing wastage, reducing costs, improving quality, and increasing productivity. Poorly designed and coordinated processes can result in inefficiencies, delays, and increased expenses.

The Efficiency of a Business Firm Depends to a Large