The plant and production benchmark data on p.6 of each issue of the Footwear Industry Report

A. Provide valuable feedback to company managers regarding whether the prices being charged for the company's branded footwear are too hight or too low.

B. are especially helpful to company managers in determining whether their company is overspending on advertising.

C. are primarily useful to managers in determining whether their company's total manufacturing costs are low enough to enable the company to meet or beat the EPS targets established by investors.

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24-11-2020
Business

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The plant and production benchmark data on p.6 of each issue of the Footwear Industry Report

A. Provide valuable feedback to company managers regarding whether the prices being charged for the company's branded footwear are too hight or too low.

B. are especially helpful to company managers in determining whether their company is overspending on advertising.

C. are primarily useful to managers in determining whether their company's total manufacturing costs are low enough to enable the company to meet or beat the EPS targets established by investors.

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eooyibo123 eooyibo123 · Answer 1 · 2020-11-26T01:56:26+01:00

Answer:

A. Provide valuable feedback to company managers regarding whether the prices being charged for the company's branded footwear are too hight or too low.

Explanation:

Benchmarking is used by companies to compare products, processes, and prices with others in the industry. This ensures that the company maintains competitive edge that is on par with others in the industry.

In the given scenario benchmarking will help a company know if the price they are charging for their footwear is high or low compared to other companies offering similar services.

In a competitive market if the price offered by one supplier is high compared to others they will move to a cheaper supplier. So it is important to maintain a price that will attract customers

OlanmaE OlanmaE · Answer 2 · 2021-11-23T13:24:27+01:00

Reports are aimed at helping decision-makers to find out if their policies are right or not. The plant and production benchmark data on p.6 of each issue of the Footwear Industry Report;

A. Provide valuable feedback to company managers regarding whether the prices being charged for the company's branded footwear are too high or too low.

On page 6 of the Footwear Industry Report, we see a table that shows us the price range and daily units of production of footwear.

The number of exports is also recorded. With this, managers can determine whether the prices are high or low based on exports.

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