Answer: Option D
Explanation: In simple words, benchmarking refers to the process in which the company sets the standards of performance based on the industry averages or from the performance of their competitors.
The benchmarking is done for the future reference so that the actual results could be compared with the set standards and the performance of the managers could be evaluated.
Hence from the above we can conclude that the correct option is D.
Answer:
<h2>The answer in this case would be the last option in the answer list or options given in the question or falls equally on buyers and sellers in the short run but not the long run.</h2>
Explanation:
- In Microeconomics,elasticity level of supply usually has an inverse or negative relationship with the tax burden in the market.
- Therefore,higher elasticity of supply among the sellers or firms implies that they are relatively more sensitive or responsive to any price change in the market and would not be much willing to accept the burden of the tax which is reflected by an increase in the production cost of output or acceptance of a lower relative price for the output sold.
- Hence,the sellers or firms will reduce the quantity supplied of the output considerably in the market due to the tax imposition in the long run.Thus,even if the tax burden might be equally distributed among both the consumers/buyers and sellers/firms,the buyers/consumers will have a higher tax burden in the long run than the sellers/firms due to higher price elasticity of supply in the long run.
Technology is advancing everyday with new inventions, as well as these inventions there are new chemicals being created for longer lasting crops. This improvement in technology can change how fast crops can be made to resist climate and other changes.
hope that gives you a base idea
