Question: Question 3 Previous The industry - low, industry - average, and industry - high benchmarks on pp . 6 - 7 of each issue of

Question 3
Previous
The industry-low, industry-average, and industry-high benchmarks on pp.6-7 of each issue of the Camera & Drone Journal
are of great value to the managers of companies whose costs are below the industry-average values for one or more of the benchmarked cost categories and are of minimal value to the managers of companies whose costs are above the industry-average benchmark values.
are only valuable to the managers of companies whose costs are above the industry-average numbers (or are alarming close to the industry-high numbers) for one or more of the benchmarked production/assembly cost categories.
have the greatest value to the managers of companies that are considering increasing their company's marketing
aid managers in assessing whether their company's costs for the benchmarked items are adequately competitive--when such is not the case, the company's managers should promptly address how best to correct the high-cost problem (s).
aid managers in assessing whether their company's costs for the benchmarked items are overly competitive--when such is the case, the company's managers should promptly address how best to reduce their overly competitive problem

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