Answer:
Letter A is correct. <u>Comparing how different companies perform various value chain activities and then making cross-company comparisons of the costs of these activities.</u>
Explanation:
The most suitable alternative to this question is letter A, because the definition Benchmarking can be defined <u>as the process and search for in-depth knowledge about your competitors and the way they carry out their activities. </u>
It consists of investigating competitors in order to compare operations, products and services between a company and its main competitors. Through the research of competitors it is possible to better understand the market and adapt the best practices to be successful, in addition to achieving continuous improvement of processes, in addition to reducing errors and costs through the analysis and knowledge of the actions of competing companies.
Answer:
True
Explanation:
In a perfectly competitive market, all producers sell identical goods or services. Additionally, there are many buyers and sellers. Because of these two characteristics, both buyers and sellers in perfectly competitive markets are price takers. Market price is set by the forces of demand and supply.
If the seller attempts to set his own price and sets it above the market price, the seller would lose all its customers and make zero sales.
If the seller attempts to set his own price and sets it below the market price, the seller would make losses .
I hope my answer helps you.
Because the company does not lists the ingredient in the product, then, this is an example of violation to <u>disclosure </u>aspect of consumer protection laws.
<h3>What is consumer protection laws?</h3>
The Consumer protection law includes different legislation which intended to prevent businesses owners from engaging in fraud or reducing quality of product.
One of the Consumer protection law makes its necessary for the manufacturer to disclose the full ingredient they use in producing the product.
In conclusion, the scenario is an example of violation to <u>disclosure </u>aspect of consumer protection laws.
Therefore, the Option B is correct.
Read more about consumer protection laws
<em>brainly.com/question/1862829</em>
Answer:
B. using a percentage of the price of an item
Explanation:
