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Explain the concept of benchmarking with respect to the analysis and interpretation of profit. Discuss the...

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Accounting

Explain the concept of benchmarking with respect to the analysisand interpretation of profit. Discuss the advantages anddisadvantages of the different ways of monitoring profit.

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BENCH MARKING Bench marking is the practice of a business comparing key metrics of their operations to other similar companies Bench marking occurs across all types of companies including private public nonprofit and forprofit as well as industries eg technology education and manufacturing Companies use bench marking as a    See Answer
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Explain the concept of benchmarking with respect to the analysisand interpretation of profit. Discuss the advantages anddisadvantages of the different ways of monitoring profit.

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