In the Context of Competitor Analysis,which of the Following Formulas

question 24

Multiple Choice

In the context of competitor analysis,which of the following formulas is used by a business to calculate the performance gap?

• A)Business Performance − Competitor Performance
• B)Business Performance - Total Production and Marketing Costs
• C)(Market-Based Performance - Operating Performance)/ Average Competitor Performance
• D)Potential Business Performance - Actual Business Performance
• E)Business's Relative Performance - Average Performance of Top Three Competitors

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Definitions:

Total Controllable

Relates to the expenses or costs over which a manager or business has direct control.

Volume Overhead Variances

The differences between the expected fixed overhead costs and the actual fixed overhead allocated, based on the volume of production.

Optimum Standards

Ideal benchmarks set for performance, quality, or efficiency that are considered best under the given conditions.

Attainable Standards

Realistic targets for costs or productivity set by management, which are challenging yet achievable under normal working conditions.