Answer:
c. The firm will make an additional $4200 in income per day if it sells taco shells instead of tortillas.
Explanation:
Tortilla daily revenue: $8000
Tortilla daily cost: $22500
Taco shell daily revenue: $26,700
Taco shell daily cost: $8000 + $4200 = 12200
Additional income if Taco Shells sold instead of Tortillas: $26,700 - 22,500 = $4200
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.
Answer:
lower costs, leading to higher profits
Explanation:
Improving job satisfaction in the workplace results in better productivity. This is because employees get to enjoy what they do rather than feeling forced to work.
When the workplace is conducive it will result in lower rates of absenteeism and employee turnover.
These in turn lead to lower costs and higher profit.
Staff turnover is costly on the business as new hires have to be trained on the job to be effective.
