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fenix001 [56]
3 years ago
9

________ refers to the technique of comparing performance to similar efforts. The comparison may be to other companies in the sa

me industry, to other industries, or to other time periods.
Social Studies
1 answer:
Maurinko [17]3 years ago
8 0

Answer:

Benchmarking

Explanation:

Benchmarking is a process where you measure your company’s success against other similar companies to discover if there is a gap in performance that can be closed by improving your performance.The point of benchmarking is to identify internal opportunities for improvement.

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From the viewpoint of economic efficiency, when competitive forces in an industry are weak, market allocation will often lead to
NeTakaya

Answer: B. an output of the product that is less than the amount consistent with ideal economic efficiency

Explanation: Economic efficiency is the state in which all available resources are optimally allocated to serve each individual or entity in the best way while reducing to the minimum, waste and inefficiency. In reality, economic efficiency has shown that nothing can be improved without something else being hurt.

When competitive forces are weak, it leads to decrease in output as economic efficiency is only maximized when price is equal to marginal revenue because at this point both profit and efficiency are maximized.

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2 years ago
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3 years ago
How did the West prevent East Germany from absorbing West Berlin?
Tasya [4]

Answer:

The West pulled up with the Calvary and stopped East Germany from invading West Berlin.

Explanation:

They had guns and horses and weapons of warfare unlike anything the world had ever seen before, so they were scared.

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3 years ago
Do you think Greta Thunberg is a good role model for young people? If so, why?
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its obvious trust noone with the name greta

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Can corruption ever benefit a country? Explain your answer.
GuDViN [60]

Answer:

Corrupted economies are not able to function properly because corruption prevents the natural laws of the economy from functioning freely. As a result, corruption in a nation's political and economic operations causes its entire society to suffer.

Furthermore, most evidence of the possible economic benefits of corruption comes from global instances of poor governance. Scholars have found that corruption has no significant effect on economic growth in democracies, but inflicts significant economic harm in non-democracies

Not only does corruption affect economic development in terms of economic efficiency and growth, it also affects equitable distribution of resources across the population, increasing income inequalities, undermining the effectiveness of social welfare programmes and ultimately resulting in lower levels of human

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