Final answer:
Business processes are a series of activities or steps followed by organizations to achieve specific outcomes. Inputs such as labor, capital, and raw materials are used in these processes to produce goods or services that are then sold for profit.
Step-by-step explanation:
Business processes refer to a series of activities or steps that an organization follows to achieve a specific outcome. These processes involve the use of inputs such as labor, capital, and raw materials, and result in the production of goods or services that the organization sells to make a profit.
An example of a business process is the production of a pizza, where the inputs include flour, water, yeast, tomatoes, spices, and labor, and the output is a finished pizza ready to be sold to customers.