_______________ May Be Defined as the Continuous Process of Measuring

question 85

Short Answer

_______________ may be defined as the continuous process of measuring products,services and practices against the toughest competitors or those companies recognised as industry leaders.

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Definitions:

Cash Bonus

A monetary reward given to employees in addition to their base salary as an incentive for achieving specific performance targets.

Return On Investment

A performance measure used to evaluate the efficiency or profitability of an investment, calculated as net profit divided by the cost of the investment.

Divisional Profits

The earnings generated by distinct segments or divisions within a larger company, often used to assess their financial performance.

Invested Capital

The total investment in a company by shareholders and debt holders, representing the funds used to operate and grow the business.