____ refers to rethinking and radically redesigning the entire business cycle.

A) Cost reduction
B) Reengineering
C) SWOT analysis
D) Trend analyzing
E) Company profiling

Business Cycle

The business cycle is the fluctuation of economic activity that an economy experiences over a period of time, characterized by phases of expansion, peak, contraction, and trough.

Reengineering

The fundamental rethinking and radical redesign of business processes to achieve dramatic improvements in critical measures of performance such as cost, service, and speed.

Cost Reduction

The process or strategy of lowering expenses incurred by a business in producing goods or services, without compromising quality.