Which of the following is used to compare a venture's performance against the average performance of other firms in the same industry?
A)qualitative analysis
B)trend analysis
C)cross-sectional analysis
D)industry comparable analysis

Question

Quizplus · Accepted Answer

Industry comparable analysis is a method for comparing a venture's performance with the average performance of other firms in the same industry. This comparison helps in identifying the strengths and weaknesses of the venture and can be used to make strategic decisions to improve the performance of the venture. Qualitative analysis, trend analysis, and cross-sectional analysis do not involve benchmarking against industry averages.

Which of the Following Is Used to Compare a Venture's