The plant and production benchmark data on p.6 of each issue of the Footwear Industry Report A. Provide valuable feedback to company managers regarding whether the prices being charged for the company's branded footwear are too hight or too low.

B. are especially helpful to company managers in determining whether their company is overspending on advertising.

C. are primarily useful to managers in determining whether their company's total manufacturing costs are low enough to enable the company to meet or beat the EPS targets established by investors.

A. Provide valuable feedback to company managers regarding whether the prices being charged for the company's branded footwear are too hight or too low.

Explanation:

Benchmarking is used by companies to compare products, processes, and prices with others in the industry. This ensures that the company maintains competitive edge that is on par with others in the industry.

In the given scenario benchmarking will help a company know if the price they are charging for their footwear is high or low compared to other companies offering similar services.

In a competitive market if the price offered by one supplier is high compared to others they will move to a cheaper supplier. So it is important to maintain a price that will attract customers

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

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