Ask Question
BusinessBusiness
18 January, 20:27

The concept of "benchmarking" is: a. The process of comparing a particular company with a subset of the competitors in the industry b. An analysis of a firm's financial ratios over time c. Using a group of ratios that show the combined effects of liquidity, asset management and debt on operating results d. The use of debt as a financing tool e. Using a group of ratios to show the relationship of a firm's cash and other current assets to its current liabilities

+5
Answers (1)
  1. 18 January, 23:51
    0
    a. The process of comparing a particular company with a subset of the competitors in the industry

    Explanation:

    The concept of Benchmarking is basically used to compare the processes and performances of business with it's competitors using measures to industry bests practices.

    Therefore, b. An analysis of a firm's financial ratios over time is an internal measure while benckmarking is an external measure.

    c. Using a group of ratios that show the combined effects of liquidity, asset management and debt on operating results is once again an internal metric not an external one.

    d. The use of debt as a financing tool this statement is it's self vague, therefore is incorrect.

    Finally the last option, e. Using a group of ratios to show the relationship of a firm's cash and other current assets to its current liabilities is only comparing with it's own cash and other current assets to its liabilities rather than with it's competitors.

    Hence, a. The process of comparing a particular company with a subset of the competitors in the industry is the correct option.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The concept of "benchmarking" is: a. The process of comparing a particular company with a subset of the competitors in the industry b. An ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Whole foods differentiates itself from competitors by offering top-quality foods obtained through sustainable agriculture. this business strategy implies that whole foods focuses on?
Answers (1)
The method of informing that focuses on how something is similar to and different from other things is called:
Answers (2)
The economy of the United States is often described as: a. A market economy b. A command economy c. A mixed economy d. A traditional economy
Answers (1)
Olin Transmissions, Inc., has the following estimates for its new gear assembly project: price = $2,500 per unit; variable costs = $500 per unit; fixed costs = $5.1 million; quantity = 80,000 units.
Answers (1)
Feedback serves a motivational role when it serves as a reward or promises a reward.
Answers (1)
New Questions in Business
The Single European Act was put in place in an attempt to Multiple Choice convince Great Britain to remain in the EU. determine the viability of a common currency. expand the role of the EU into northern Africa.
Answers (1)
One reason to buy a home instead of rent a home is: AHomes have the potential to appreciate in value over time. BHomes have fewer maintenance costs. CBuying a home requires less money upfront. DBuying a home is a more flexible housing option.
Answers (1)
The following amounts are reported in the ledger of Mariah Company: Assets $ 78,000 Liabilities 41,000 Retained Earnings 9,000 What is the balance in the common stock account
Answers (1)
Which method of analysis does not classify variables as dependent or independent? A) regression analysis B) discriminant analysis C) cluster analysis D) analysis of variance
Answers (1)
An article is released detailing how Tech Company A has created software that is currently the best on the market. Tech Company A is expected to gain a major portion of market share for this type of software.
Answers (1)
Home » Business » The concept of "benchmarking" is: a. The process of comparing a particular company with a subset of the competitors in the industry b. An analysis of a firm's financial ratios over time c.
Sign Up Forgot Password?