Benchmarking Is a Continuous Process of Measuring Products,services and Practices

question 124

True/False

Benchmarking is a continuous process of measuring products,services and practices against major competitors or industry leaders.

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Definitions:

Net Working Capital

The difference between a company's current assets and its current liabilities, indicating the short-term liquidity of a company.

Net Fixed Assets

The value of a company's fixed assets minus any accumulated depreciation or impairment charges, reflecting the actual value of assets in use.

Intangible Fixed Assets

Non-physical assets owned by a company that are used in operations, such as intellectual property, goodwill, and licenses.

Statement of Financial Position

A financial statement that presents the assets, liabilities, and shareholders' equity of a company at a specific point in time, commonly referred to as a balance sheet.