One of Britain's Largest Children's Hospitals Working with a Ferrari

question 12

Multiple Choice

One of Britain's largest children's hospitals working with a Ferrari racing team is an example of:

• A) internal benchmarking.
• B) external benchmarking.
• C) Taguchi concepts.
• D) employee empowerment.
• E) corporate responsibility.

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Definitions:

Operating Activity

Operating activity involves the primary functions of a business that relate to its provision of goods and services to the market.

Expenses

Assets used up or services consumed in the process of generating revenues.

Retail Business

A business that sells goods or services directly to consumers for personal or household use.

Service Business

is a type of business that provides intangible products or services to consumers instead of physical goods.