Which of the Following Kinds of Companies Would a Bass

question 163

Multiple Choice

Which of the following kinds of companies would a bass boat manufacturing company not want to benchmark?

• A)Another bass boat manufacturer with a best practice in quality control
• B)A manufacturer of ladies' dresses with a best practice in inventory management
• C)A retail store that has a best practice in employee safety
• D)A bass boat manufacturer might want to benchmark with all the above companies.

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Definitions:

Profit

The financial gain realized when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes needed to sustain it.

Marginal Efficiency

The additional benefit received from consuming or producing one more unit of a good or service.

Capital

Refers to any financial asset, including cash, equipment, and buildings, used in production of goods or services.

Investment Project

A project undertaken by a company or an individual in expectation of generating future financial returns.