The Sharing of Information Between Companies So That Both Can

question 68

Multiple Choice

The sharing of information between companies so that both can improve is called ________.

• A) reengineering
• B) baselining
• C) benchmarking
• D) interfacing
• E) data mining

---

Definitions:

Marginal Revenue

The additional income received from selling one more unit of a product or service.

Marginal Cost

The expenditure required to create another single unit of a good or service.

Output

The overall quantity of products or services generated by a business, sector, or the economic system.

Profit-Maximizing

A strategy or goal aimed at achieving the highest possible profit through adjusting production levels, prices, or other factors.