Answer:
Bench-marking
Explanation:
Benchmarking is the process that works for comparing the products, services, etc by the other companies who are dealing with the same type of business that refers to the best in the industry or performing superior performance.
It could be done either by the cost, quality, time, quantity, etc
The aim of doing this process is to gain the competitive advantage so that they get to know their strength, weakness, opportunities, and threats
Answer:
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Explanation:
Answer:
hii there
The correct answer is option ( A )
8 Step Problem Solving Process
Step 1: Define the Problem. What is the problem?
Step 2: Clarify the Problem.
Step 3: Define the Goals.
Step 4: Identify Root Cause of the Problem.
Step 5: Develop Action Plan.
Step 6: Execute Action Plan.
Step 7: Evaluate the Results.
Step 8: Continuously Improve
Explanation:
Hope it helps
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Bob has to own his land for 18 years if the price is increasing at the rate of 6% per year.
Given that land was bought by Bob for $16390, the price is increasing at the rate of 6%, price of land today is $46817.
We are required to find the time for which Bob need to own the land so that the price of the land is $46817 today.
Compounding means calculating amount on the principal and the amount added interest.
Rate of increasing the price of land be 6%.
Price when Bob bought the land=$16390.
Price of land today=$46817.
It is like compounding of interest and the sum is calculated as under:
S=P*
In the above equation P is theamount at beginning,r is rate of increasing and n is the number of years.
46817=16390
46817/16390=
=2.8564
=
(Approximately)
From both the sides we will get n=18.
Hence Bob has to own his land for 18 years if the price is increasing at the rate of 6% per year.
Learn more about compounding at brainly.com/question/2449900
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It seems to be at least that the answer should be true !