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Hoochie [10]
4 years ago
7

9. Benchmarking is

Business
1 answer:
Ann [662]4 years ago
4 0

Answer:

d. making comparisons to direct attention to why differences in costs exist across companies.

Explanation:

  • A benchmark is a simple comparison or evaluation of the business processes that measure productivity and time and costs.
  • Used to measure the performance using specific indicators like cost, productivity and time per unit also referred to as the best practice of increasing the performance of the company.
  • It has certain stages like the selection of subjects, definition of the process, identification of potential partners and collection of data.
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If we assume that both countries specialize according to their comparative advantage, then how do we find a terms of trade that
levacccp [35]

Answer:

The best way to find terms of trade that will ensure that two entities are in the best terms of trade will be to look at the opportunity costs of the various products they produce.

A high opportunity cost in one product relative to that of the other entity means the entity with the higher opportunity cost should be trading with the entity with the lower opportunity cost and vice versa.

For example, assume that an entity "A" produces both rice and beans whilst an entity "B" also produces rice and beans too.

If the opportunity cost to A of producing Beans is 300 bags of rice whilst the opportunity cost to B of producing Beans is 120 bags of rice, and the opportunity cost to A of producing rice is 180 bags of beans whilst it is 250 bags of beans to B, the principles of comparative advantage require that A should focus more on producing rice and purchase beans from B whilst B should focus more on producing beans and purchase rice from A.

Cheers!

4 0
3 years ago
Sunshine mining bonds have a $1,000 face value, pay $95 annual interest, mature in 2020, and are currently quoted at $1,302.50.
Over [174]
<span>The coupon rate of the sunshine mining bonds is 7.29%. Coupon rate is figured by dividing the par value ($1302.50) by the annual interest (yield). If the face value of the bond was only given as well as the annual interest, the coupon rate of the bond would be 9.5%.</span>
5 0
3 years ago
Abe owns a dog; the dog's barking annoys Abe's neighbor, Jenny. Suppose that the benefit of owning the dog is worth $200 to Abe
umka2103 [35]

Answer:

Jenny pays Abe $300 to give the dog to his parents who live on an isolated farm

Explanation:

The answer is already stated within the question, but I'll provide  the explanation.

In order to reach a solution, Jenny would have to offer Abe an amount to get rid of the dog that is more than Abe's benefit of owning the dog, which is $200.

On the other hand, since Jenny bears a cost of $400 from the bark, she would only be willing to spend as much as $400 to resolve the situation. Therefore, the acceptable range for the amount of the agreement for both parts is:

$200 < X < $400.

Since $300 is within that range. Jenny paying Abe $300 to give the dog to his parents is a possible solution.

6 0
3 years ago
Read 2 more answers
For a film studio to make a profit, it has to be able to earn enough to offset expensive initial costs. a large portion of the p
slega [8]
The appropriate response is economies of scale. It alludes to the cost advantage that emerges with an expanded yield of an item. Economies of scale can emerge in a few territories inside a huge endeavor. While the advantages of this idea in ranges, for example, generation and obtaining are self-evident, economies of scale can likewise affect zones like fund.
3 0
4 years ago
Fuzzy Feet is a monopolistically competitive firm that faces the following demand schedule for its socks. The firm has a fixed c
Minchanka [31]

Answer:

The correct answer to the following question will be Option D (The firm should expect the demand curve to shift to the left).

Explanation:

  • In a competitive market only at the long-run rate are going down for the company as new competitors come in the market others for the company seeking to that the profit.
  • Then if business reduces its cost certain company in the industry reduce too as they make limited benefits in that industry as well as for the effect of which quantity of going down and supply, therefore, reduce so companies production curve moves to the left.

The other choice is not per the specified scenario. And the response to the above seems to be the right one.

3 0
4 years ago
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