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zloy xaker [14]
3 years ago
8

Companies benefit today from interfirm cooperation. One of the ways they cooperate is through networking. Another way is by seek

ing technological knowledge and new processes from exemplary firms sometimes outside their own industries. This is called
Business
2 answers:
Genrish500 [490]3 years ago
8 0

Answer:

Seeking technological knowledge and new processes from exemplary firms sometimes outside their own industries is called <u>Generic Benchmarking</u>

Explanation:

Benchmarking is a word that is synonymous with "standard".  It is a yardstick used to improve performance and processes as well as create new standards.

there are four types of benchmarking. they include

  1. internal benchmarking
  2. competitive benchmarking
  3. functional benchmarking
  4. generic benchmarking

The type that suits the question is generic benchmarking .

Generic benchmarking seeks technical knowledge from unrelated business   and new processes or functions that can be practiced in the same or similar ways regardless of the industry.

Generic Benchmarking will highlight method of comparing the performance and processes of organizations in unrelated industries.

Gnoma [55]3 years ago
4 0

Answer:

Benchmarking.

Explanation:

Benchmarking is the process by which a company compares it's processes with best practices of other companies with an aim of maintaining industry best standards in operating.

The four types of benchmarking are internal, competitive, functional and generic.

So companies by seeking technological knowledge and new processes from exemplary firms sometimes outside their own industries are engaging in benchmarking.

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When they need stronger horizontal alignment or cooperation to meet goals, functionally designed organizations should adopt a __
jekas [21]
The answer to the question is "MATRIX Structure".

The Matrix structure is a structure when the organization needs a stronger horizontal alignment or cooperation to meet goals, functionally designed organizations should adopt this structure. This type of structure is a combination of functional and divisional chains.
3 0
3 years ago
Scrooge, Inc. prepares adjusting entries only at the end of its fiscal year, August 31. Scrooge has the following unadjusted acc
o-na [289]

Answer:

$6,100

Explanation:

The computation of the net income is shown below:

= Service revenue in trial balance + ( unearned revenue × given percentage) - (rent expense in trial balance) + ( Prepaid rent × 2 months ÷ 12 months) - (wages expense in trial balance + adjusted trial balance)

= $5,000 + ($4,000 × 80%) - ($800 + $3,600 × 2 months ÷ 12 months - ($600 + $100)

= $5,000 + $3,200 - $1,400 - $700

= $6,100

4 0
3 years ago
In the marketplace, there are different types of fundamental drivers of social media engagement. The Wheel of Social Media Engag
olganol [36]

Answer: True

Explanation:

Social media engagement refers to the measurement of likes, comments, and shares. It should be noted that the greatest measure of social media success is simply the engagement of the audience.

It is vital for marketers to recognise how important engaging customers is. It should be noted that social media engagement and s a important and profitable way to engage ones customers as their current behavior can be taken into account and this is then used for making future references and behavior.

8 0
3 years ago
Kreter, Inc. earned net income of $300,000 last year. This year it wants to earn net income of $450,000. The company's fixed cos
Minchanka [31]

Answer:

sales is $2,500,000

Explanation:

The target sales for the company to achieve a net income of $450,000 in the current year equals the net income plus variable cost plus the fixed costs.

To understand this better,let us use the net income formula:

net income=sales-variable costs-fixed costs

by changing the subject of the formula,we the formula for sales:

sales=net income+variable costs+fixed costs

variable costs=sales*70%=0.7 sales

sales=$450,000+$300,000+0.7 sales

sales-0.7 sales=$750,000

0.3 sales=$750,000

sales=$750,000/0.3=$2,500,000

8 0
3 years ago
Suppose a country spiraled into economic recession. What would John Maynard Keynes recommend to fight the recession?
zubka84 [21]

John Maynard Keynes will recommend an increase in government expenditures and lower taxes to stimulate demand to pull the economy out of the recession..

John Maynard Keynes is an economist who was popularly known for creating the Keynesian theory of economics

The Keynesian theory of economics is one who who advocate for saving less and spending more, thereby, raising their marginal propensity to consume and economic growth.

Now, supposing that a country spiraled into economic recession, John Maynard Keynes will recommend an increase in government expenditures and lower taxes to stimulate demand and pull the economy out of the recession..

Learn more about this here

<em>brainly.com/question/6815540</em>

3 0
2 years ago
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