To be effective,balanced scorecards must be customized by companies to fit different market situations,products,and competitive environments.

Question

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Balanced scorecards are designed to provide a comprehensive view of a company's performance, but they must be customized to fit the specific needs and circumstances of each company. This means that the scorecard will differ depending on the market situation, products, competitive environment, and other specific factors that affect the company's goals and objectives. Therefore, effective balanced scorecards must be customized to fit these unique circumstances.

To Be Effective,balanced Scorecards Must Be Customized by Companies to Fit