A company can compare its financial data to the data of other companies and industry averages to evaluate its position.

Name: A company can compare its financial data to the data of other companies and industry averages to evaluate its position.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Comparing financial data with other companies and industry averages is a common method used by companies to evaluate their financial position and performance. This helps in identifying areas of improvements and setting benchmarks for their own financial goals.

A Company Can Compare Its Financial Data to the Data