Answer:
False
Explanation:
Benchmarking is a process of evaluating the overall or segmental performance of a business by comparing the performance in the relevant segment to the industry standard or to the performance of a competitor in order to identify opportunities for improvement that are within control, using .
In payroll benchmarking , relative metrics can be total cost to payroll , cost per $1000 revenue to manage payroll and others.
Total dollars and dollars per available rooms are not good metrics for payroll benchmarking.
The substitution effect is defined as the outcome of consuming various goods and services on those who do not use them.
<h3>What do you understand about the Substitution effect?</h3>
The substitution effect is the decline in product sales that results from customers switching to less expensive substitutes when the product price increases. Alternately, the term "substitution effect" describes the shift in demand for a commodity brought on by a change in the price of the well relative to other substitutes. For instance, when beef costs increase people tend to buy more chicken or turkey. Customers purchase store-brand coffee in response to an increase in the price of premium coffee at a coffee shop. Consumers choose generic substitutes as designer prescription drug prices rise.
To learn more about the Substitution effect, visit:
brainly.com/question/22079450
#SPJ4
Given the Ricwy corporation maintenance cost is modeled by the formula y=4800+0.4x, the maintenance cost when x=9000 hours will be:
y=4800+0.4(9000)
y=4800+3600
y=$8400
The total maintenance cost for the month of August will be $8400
A couple of ways that business can use to get the informaiton are:
- By collecting Customer relation Management Data
This data is useful to know the satisfaction level of the customer and their tendency to return and repeat the purchase
- By observing the inventory
This includes observing the rate of inventory turnover to create a pattern that might be repeated for the following year.
Answer:
a lot of competition from other artists that also have similar skills as Natalie.
Explanation:
The problem that Natalie is facing is that there is too much competition in the theater industry and jobs are scarce. The supply of talented artists is much higher than the demand, therefore, she is only able to earn a small amount of money.
