Performance measurements:
A)Assist in pricing of products
B)Help to eliminate non-value-creating activities
C)Help identify new customer requirements
D)Both B & C

Question

Performance measurements:
A)​Assist in pricing of products
B)Help to eliminate non-value-creating activities​
C)Help identify new customer requirements​
D)Both B & C​

Quizplus · Accepted Answer

Performance measurements can help businesses identify non-value-creating activities and eliminate them, which can lead to cost savings and increased efficiency. They can also reveal new customer requirements, giving businesses the opportunity to innovate and create new products or services that better meet customer needs. Pricing of products is largely influenced by factors such as production costs, market demand, and competition, and while performance measurements may indirectly help inform pricing decisions, it is not a primary benefit.

Performance Measurements