Fundamentals of Cost Accounting 3rd Edition by William N. Lanen, Shannon W. Anderson, Michael Maher

Exercise 23

Benchmarks

Match each of the following specific measurements to its benchmark category.

a. Number of product recalls	1. Employee performance
b. Percentage of late deliveries	2. Product performance
c. Number of requests for transfer	3. Supplier performance
d. Length of time to fill vacant position	4. Support performance

Step 1 of 6

Business strategy

It is an approach used by a company for deploying its resources, assets and capabilities to provide maximum returns to its investors and meeting customer expectations. It is component of high-level strategy plan and defines value preposition.

Benchmarking