Q2-5 How do business processes generate value? Define business process, cost, and margin as they pertain to business processes. Explain the purpose of an activity and describe types of repository. Explain the importance of business process redesign and describe the difference between the business processes in Figure 2-8 and those in Figure 2-9. Figure 2-8 Three Examples of Business Processes Inbound Logistics Manufacturing Outbound Logistics Sales and Marketing Customer Service Materials Ordering Process Purchase Drone Parts Raw Materials Order Cash Parts Query Update with Finished Drone Raw Materials Database Finished Goods Database Update with Parts Received Update with Parts Used Raw Materials dl Vendor Customer Components Receiving Accepted Materials Drone Update with Query Shipped Drones Finished Goods Inventory Salesperson Finished Sales Pitch Drone |--Customer Order Drones Cash Approved Order Shipping Boxed Drones Make Drone Raw Materials Inventory Sales Process T