What term best describes how a firm performs based on a comparison to another firm in its peer set within an industry?
A)Absolute performance
B)Comparative performance
C)Proportional performance
D)Performance measurement
E)Relative performance

Question

Quizplus · Accepted Answer

Relative performance is the term used to describe how a firm performs based on a comparison to another firm in its peer set within an industry. It takes into account the performance of the other firms in the same industry and provides a measure of the firm's performance relative to its competitors.

What Term Best Describes How a Firm Performs Based on a Comparison