List the Four Areas of a Balanced Scorecard

question 198

Essay

List the four areas of a balanced scorecard. Describe each area. Define "key performance indicator" (KPI). Give an example of a KPI in each balanced scorecard perspective.

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Definitions:

Passenger Traffic

The movement of passengers via modes of transportation such as air, sea, or land.

Inelastic Demand

Characterizes a situation where the quantity demanded of a good or service changes very little in response to changes in price.

Price Elasticity of Demand

A measure of the sensitivity of quantity demanded to a change in price, indicating how a product's demand responds to price changes.

Golf Courses

Facilities equipped with a series of holes, landscapes, and obstacles designed for the game of golf, where individuals can play rounds of golf.