BUSINESS PROCESS REENGINEERING (BPR) is the analysis and radical redesign of business processes using objective, quantitative methods and tools and management systems to accomplish change or performance improvement. Also called: Re-Engineering, Reengineering, Process Reengineering, Process Quality Management, BPR, Process Innovation, Process Improvement, and Business Process Engineering.
SAS see STATEMENTS OF AUDITING STANDARDS.
BEAR MARKET is a period of falling share prices; a pessimistic state of affairs.
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