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ABC Is an Independent Training Provider in Country F

question 14

Multiple Choice

ABC is an independent training provider in Country F. It provides training in business related subjects to a wide range of corporate customers. All of its tutors must possess a nationally accredited training qualification before being allowed to teach and all of its courses follow nationally accredited programmes which are externally monitored. This is considered to be a critical aspect of its business reputation. ABC has one major competitor, XYZ, within Country F. XYZ offers similar courses to ABC but its tutors do not have to have an accredited training qualification and its courses do not follow the national accredited programmes. The style and content of courses varies significantly between XYZ's centers. There are a number of universities which offer nationally accredited courses within Country F. ABC does not consider these as competitors because typically they attract students wishing to undertake degree courses. The average university pass rate for nationally accredited programmes is currently higher than ABC's. Which of the following types of benchmarking would be most useful for ABC?

Definitions:

GDP

GDP measures the aggregate value of all goods and services made within the confines of a nation over a specified period.

Internally Generated Funds

Finance obtained from the business's own operations, not through borrowing or new equity.

Investment

The allocation of resources, such as capital, time, or effort, in expectation of generating future profit or income.

Gross Investment

The total amount spent on purchasing new capital and replacing depreciated capital.