When analyzing cost, companies tend to do all of the following except:
A)Look at cost position relative to competitors.
B)Adopt process improvement methodologies.
C)Benchmark against economic indicators.
D)Identify ways to improve cost position.

Question

Quizplus · Accepted Answer

Companies tend to analyze cost by looking at their cost position relative to competitors, adopting process improvement methodologies, and identifying ways to improve cost position. Benchmarking against economic indicators is not a common practice when analyzing cost.

When Analyzing Cost, Companies Tend to Do All of the Following