1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
Roland is filing his federal income tax return with the 1040ez form, and he received two w-2 forms. on one, $2620 in federal inc
seropon [69]
3890 is your answer if its apex
5 0
3 years ago
Read 2 more answers
Soriano Company had net sales of $300,000 for the month (after returns and allowances of $1,500 and sales discounts of $3,250).
Yanka [14]

Answer:

Ending Inventory  $ 64,000

Explanation:

To define the final inventory of the company it's necessary to find the cost of good of the period.  

As the company had a 43% of gross profit, it means that for every dollar of sales we have 0,43 dollar of Gross Profit, with this value is possible to know the total cost of the goods sold during the period, that it's the difference between Sales Revenue and Gross Profit.  

Total Sales Revenue had to be the net value after returns and discounts as it's detailed.  

Income Statement  

Sales revenue        $ 300,000  

Cost of goods sold  -$ 171,000  

Gross Profit            $ 129,000 43%

Beginning Inventory  $ 60,000

Purchases                  $ 175,000

Cost of goods sold  -$ 171,000

Ending Inventory    $ 64,000

7 0
3 years ago
What is the maximum price that government allows sellers to charge
oksian1 [2.3K]
I think it's called a price ceiling. At least, that's what I think it is.
4 0
3 years ago
Who on here can drive and lives in Florida?
iragen [17]

Answer: aye im 15 i can drive and no i dont live in florida

Explanation:

8 0
3 years ago
Who among the following is a manager with good time-management skills?
ioda

Answer:

c. Jonathan, who segregates tasks and classifies them based on priority needs

Explanation:

Time management entails planning and controlling how much time one spends to undertake assigned tasks. Good time management skills increase one's efficiency and productivity.

Phone calls should be scheduled during less productive hours. One should delegate tasks where possible to enable timely completion. It is important to undertake one task at a time in order to be efficient. Tasks should be undertaken based on priority.

Therefore, options a,b and d are incorrect and option c is correct.

7 0
2 years ago
Other questions:
  • Hodge Inc. has some material that originally cost $74,600. The material has a scrap value of $57,400 as is, but if reworked at a
    6·1 answer
  • A small change in the rate of productivity growth will have a large impact on output in the short run but a small impact in the
    9·1 answer
  • A company is considering an iron ore extraction project that requires an initial investment of​ $1,400,000 and will yield annual
    6·1 answer
  • Our tax laws encourage taxpayers to ____ assets that have appreciated in value and ____ assets that have declined in value.a. se
    12·1 answer
  • FordTech is a software company whose clients are based in France. The company has formed a team to decide the direction the orga
    15·1 answer
  • Comment on the statement that "Independence is not easily achieved where an auditor is hired, paid, and fired by the same corpor
    9·1 answer
  • The Cereal Bar, a fast-food restaurant that sells breakfast cereal, wanted to see if a different price for its Wild O's breakfas
    8·1 answer
  • Markland Manufacturing intends to increase capacity by overcoming a bottleneck operation by adding new equipment. Two vendors ha
    15·2 answers
  • Producers often work to maximize their and make them as large as possible. True or False
    8·2 answers
  • Economics is the study of a society's financial institutions. true or false​
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!