Final answer:
Business Processes are formally defined, standardized processes that involve day-to-day operations. These processes ensure consistency and efficiency by following the same path for every cycle.
Step-by-step explanation:
Business Processes are formally defined, standardized processes that involve day-to-day operations. These processes ensure that the system follows the same path for every cycle, providing consistency and efficiency. Examples of business processes include order processing, inventory management, and customer service.