Internal benchmarking is discouraged in most organizations because it creates competition and internal rivalries that are counterproductive.
Answer the following statement true (T) or false (F)
False
An important benefit of the sharing of internal information at Whole Foods becomes the active process of internal benchmarking. Competition is intense at Whole Foods. Teams compete against their own goals for sales, growth, and productivity; they compete against different teams in their stores; and they compete against similar teams at different stores and regions. There is an elaborate system of peer reviews through which teams benchmark each other.
You might also like to view...
Lucy has determined that along the share-development path, her business should perform at a 74% level of product awareness, 68% in product preference, 92% in intentions to purchase, and 85% in rate of purchase
If the share potential index for Lucy's business is 18%, at what level of product availability should her business perform? A) 94% B) 81% C) 72% D) 59% E) 46%
To increase security, some companies implement the _____ approach.
A. demilitarized zone B. denial of service C. atomic transaction D. boarding key
Investor relations is mainly concerned with keeping information about publicly traded companies as private as possible
Indicate whether the statement is true or false
Excerpts from Colter Corporation's most recent balance sheet appear below: Year 2Year 1Current assets: Cash$90 $120 Accounts receivable, net 100 110 Inventory 170 160 Prepaid expenses 40 40 Total current assets$ 400 $ 430 Total current liabilities$ 320 $ 290 Sales on account in Year 2 amounted to $1,210 and the cost of goods sold was $720.The acid-test (quick) ratio at the end of Year 2 is closest to:
A. 1.25 B. 0.72 C. 0.83 D. 0.59