Which of the Following Is an Appropriate Performance Measure for a Company

question 39

Multiple Choice

Which of the following is an appropriate performance measure for a company whose corporate goal is to deliver quality products to its customers?

• A)on-time delivery
• B)ability to respond to last-minute order changes
• C)proximity to the buyer's premises
• D)delivery of defect-free products to buyer

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Definitions:

Economies Of Scale

Cost savings that accrue to firms from upscaling their production operations, where there's a typical decrease in the cost per unit with larger production volumes.

Average Cost

The sum of all production expenses divided by the quantity of items made, showing the expense for each unit of product.

Purely Competitive Equilibrium

A market state characterized by a perfect match between supply and demand, resulting in an optimal distribution of resources without any single buyer or seller influencing the price.

Monopoly Equilibrium

The price and output level determined in a market where a single seller controls the entire supply of a good or service.