Benchmarking Involves

question 17

Multiple Choice

Benchmarking involves

• A)comparing how different companies perform various value chain activities and then making cross-company comparisons of the costs of these activities.
• B)checking whether a company has achieved more of its financial and strategic objectives over the past five years relative to the other firms it is in direct competition with.
• C)studying whether a company's resource strengths are more or less powerful than the resource strengths of rival companies.
• D)tracking the profit margin along with the value-creating activities.
• E)comparing the best practices in one industry against the best practices in another industry.

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Definitions:

Student Loan

A type of loan designed to help students pay for higher education and its related costs, such as tuition, books, and living expenses.

Compounded Semiannually

Interest calculation technique where interest is added to the principal sum twice a year, enhancing the base amount for future interest calculations.

Present Value

The existing value of a future amount of money or series of payments, factoring in a chosen rate of return.

Beginning of Every Quarter

This refers to the start of each three-month period in a year, often used in financial contexts for reporting and interest calculation.