Relative Performance Is Best Described as Which of the Following

question 12

Multiple Choice

Relative performance is best described as which of the following??

• A)The excess of a firm's revenue over its costs
• B)How a firm performs based on a comparison to another firm in its peer set within an industry
• C)The average compensation of employees compared to the average at other firms
• D)The percentage of output attributed to fixed versus variable costs
• E)How a firm compares in number employees to another frim in its peer set within an industry

---

Definitions:

Customer Needs

The requirements and desires of consumers that they seek to fulfill when purchasing goods or services.

New Products

Items introduced to the market for the first time, offering innovation or improvements compared to existing offerings.

Product Improvements

Modifications made to existing products to enhance their performance, appeal, or to expand their market reach.

Product Modifications

Adjustments or improvements made to a product’s design, features, or performance to meet customer needs or capture market share.