The process of comparing an organization's practices and technologies to those of other companies is known as
A. strategic maneuvering.
B. scanning.
C. technological auditing.
D. situational analysis.
E. benchmarking.
Answer: E
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What is the typical range for the setting of audit risk?
a. 1% - 10% b. 1% - 5% c. 0% - 5% d. 0% - 10%
An understatement of ending inventory in one period results in
A) an overstatement of the ending inventory of the next period. B) an understatement of gross margin of the next period. C) an overstatement of gross margin of the next period. D) no effect on gross margin of the next period.
List and explain each of the five sources of competitive advantage.
What will be an ideal response?
In the context of small businesses, franchises tend to fail because of unsuccessful marketing.
Answer the following statement true (T) or false (F)