Question: - Previous The industry - low, industry - average, and industry - high benchmarks on pp . 6 - 7 of each issue of the
Previous
The industrylow, industryaverage, and industryhigh benchmarks on pp of each issue of the Camera & Drone Journal
ha
have the greatest value to the managers of companies that have a negative operating profit per camera or drone sold in one or more geographic regionsnegative operating profits clearly signal that the company's marketing andor administrative expenses per cameradrone sold in the region are alarmingly high and require immediate costcutting actions in the upcoming decision round.
mare
are most valuable to the managers of those companies whose costs are close to the industrylow values and to the managers of companies whose operating profits and operating profit margins are at or close to the industryhigh benchmarks.
are worth careful scrutiny because in the event the cameradrone benchmarking data signals that their company's costsoperating profits for one or more of the benchmarks are not the best or close to the best in one or more regions, their managers are always well advised to take action to drive down their company's costs closer to the industrylow value in each region and to drive their company's operating profits per unit sold closer to the industryhigh in each region in the upcoming decision round.
tare are worth careful scrutiny by the managers of all companies because when the cameradrone benchmarking data signals that a company's costsoperating profits for one or more of the benchmarks are clearly outofline or unappealing managers are well advised to take corrective action in the upcoming decision round.
i are of considerable value to the managers of companies pursuing a lowcost strategy but are of very limited value to managers of companies pursuing all other types of strategies to outcompete and outperform rival companies.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
