Companies that help to set benchmarks are classified as__________?
Correct answer: B. Benchmark companies
- A. competitive companies
- B. Benchmark companies
- C. Analytical companies
- D. Return companies
Explanation
Benchmark companies are selected as reference points whose performance or practices can be compared with those of another firm. They provide standards for measuring efficiency, profitability or other targets.
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About Business Finance
Business finance explains how organisations plan, obtain and use money while balancing risk, return and liquidity. Topics include financial statements, time value of money, budgeting, working capital, capital structure, sources of finance, investment appraisal and cost of capital. Capital budgeting evaluates long-term projects, whereas working capital manages day-to-day operations.
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