Comparing the way a "best-in-class" company performs a specific activity (such as distribution) is called
a. Process benchmarking.
b. Results benchmarking.
c. Total quality benchmarking.
d. SPC benchmarking.
a
You might also like to view...
Conversion is defined as:
A. the use of force to drive away a person's customers or employees. B. the unlawful taking of or exercise of control over the personal property of another person. C. the intentional confinement of a person for an appreciable time without the person's consent. D. intrusion on a person's solitude or seclusion and publishing private facts about a person.
The product life-cycle concept from microeconomics and marketing provides useful insights into the relations among cash flows from operating, investing, and financing activities. During the _____ cash outflow exceeds cash inflow from operations because operations are not yet earning profits while the firm must invest in accounts receivable and inventories. Investing activities result in a net
cash outflow to build productive capacity. Firms must rely on external financing during this phase to overcome the negative cash flow from operations and investing. a. introduction phase b. growth phase c. mature phase d. late maturity phase e. decline phase
Individuals who have set up a business they will own or co-own, which is less than three months old, and has not yet generated wages or salaries for the owners are known as ______.
a. potential entrepreneurs b. Prospective entrepreneurs c. new business owners d. nascent entrepreneurs
Milltown Company sells used cars. During the month, the dealership sold 22 cars at an average price of $15,000 each. The budget for the month was to sell 20 cars at an average price of $16,000. Compute the dealership's sales volume variance for the month.
A. $10,000 favorable. B. $32,000 favorable. C. $22,000 unfavorable. D. $32,000 unfavorable. E. $22,000 favorable.