Ask your teacher about it
Answer:
The answer is B) benchmarking
Explanation:
Benchmarking is a process that involves measuring one company's success against other similar companies to discover if there is a gap in performance that can be closed by improving performance.
2. The finance department is important in one company because it covers a wide range of activities from basic bookkeeping to providing financial information essential to the company's survival. Its role is to balance profit with cost also.
3. The marketing department plays a vital role in a company in representing the company's image and brand. They are the ones reaching out to customers, prospects, and investors.
4. <span>The customer service department's task is to keep the customers that the marketing department brought in satisfied. They handle problems, issues, queries that a customer may have, and the services they offer is extremely important for a company in a long-run.
5. In forming a new company, you will need to have workers and staffs in the marketing and finance department. Since a baby company will usually have a hard time entering a market, a skilled marketing staff is needed to market their products and services. To balance the cost of marketing and advertising also, you will need a proficient finance staff. With these two departments, you can slowly grow your company little by little.
6. Apple is an example of a very successful company in their chosen line of business. They offer <em>great customer service</em> and in-store experiences. They stay <em>two years ahead of their competitors</em>. They produce <em>easy to use </em>products which is, of course, a benefit to the customers.
7. Top three reasons for the failure of a business: mismanagement - without proper planning or standards to follow a company would be in a chaos; poor accounting or financial decision making - money is what makes a business run, having inadequate knowledge in this area will seriously affect the business; location - is the location of the business convenient for customers? Your business can be great but the location also influences a company's success.
8. An example of an employee facing a conflict of interest is when he uses his position or involvement in that company for his own personal gain. To deal with this situation, a mediator or someone of higher rank can guide or supervise. Talking it out might help but to assure that such situation won't happen again, there must be sanctions or penalties imposed to the involved employee.</span>
Answer:
A transformational process is a process by which we achieve lower costs, increased efficiency or level of output, higher quality of product, anything that brings competitive advantages over rivals.
So this means that Transformational process doesn't includes lowering product quality and efficiency or output.
Option 1 is incorrect because it talks about increasing production by decreasing product quality.
Option 3 is also incorrect because it talks about increasing inefficiency. Remember: Efficiency is increasing output at a set level of input.
Option 4 is also incorrect because transformational process doesn't includes the selling of inputs. Inputs are raw material, labor hours, overhead cost, etc these are not sold by any companies. However their is a possibility that semi finished goods are sold to other companies like Apple purchased Mobile displays from Samsung to meet its customer demand.
But its impossible to sell its labor, raw material which is readily available in the market.
Option 5 is also incorrect because corrective actions are taken when there is something going wrong. When the level of output is increasing from the desired output level it means its an achievement. So this is not correct option.
Option 2 is correct because conversion of inputs into ideas or products will result in competitive advantage. For example, Mercedes first time in the history introduced two door car. This helped Mercedes to lower its material cost sufficiently and Price of the car as well. As a result this increased its sales due to lower prices charged.
Transformational Processes includes activities of converting your resources into more efficient assets which is reflected in this option.
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